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Tech Guy Opening Calls & Comments 2/6/24

March Wheat - 1.75 Higher


March Corn - Steady


March Soymeal - 0.20 Higher


March Beans - 1.00 Lower


March Crude Oil marked it's low 2 cents below the 72.40 support, then rallied about 1.40.

support - 73.10-72.95

72.35

resistance - 73.85

74.80


March Soybeans marked it's low 2.75 cents Above the 1191 support then rallied a dime.

support - 1194.00

1187.00

resistance - 1205.50-1208.25

1215.00

1223.00


March Soymeal marked it's low 1 tick below 356.00 support after selling off 6 bucks.

support - 358.00

355.50

resistance - 363.30

365.50

367.30


March Corn marked it's low 3 ticks below the 439.00 support after selling off 6 cents.

support - 437.75

436.25

resistance - 445.50

449.00


March SRW Wheat marked it's low 1 cent Above the 587.00 support, then it rallied 9.50 cents.

support - 592.50

589.75

586.00-584.50

resistance - 597.50-598.50

603.00

611.50


March HRW Wheat marked it's low 1 tick below 612.00 support, then it rallied a dime, pushing through 620.50 resistance by 1.75 cents.

support - 616.25

610.50

607.00

resistance - 623.50

628.00

636.00


March Spring Wheat marked it's low 2 cents Above support of 688.00, and rallied 8.50 cents.

support - 690.00-688.50

684.50

resistance - 698.50

707.00

712.00


March S&P traded in a very narrow, energy building day, remaining above support and below resistance. Tomorrow will likely be a range expansive, breakout day.

support - 4956

4932

4874-4866 - target for sell off

resistance - 4979

5000

5050-5075

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