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Tech Guy Opening Calls & Comments 2/7/24

March Wheat - Steady to 1.00 Lower


March Corn - 1.00 Higher


March Soymeal - Steady


March Beans - 1.50 Lower


March Crude Oil traded in a quiet, steady higher type of day. It closed in between the 2 resistance marks.

support - 73.65

73.00

resistance - 74.50

77.00


March Soybeans traded down to test the 1179.50 low.

support - 1184.00

1179.00

1145.00

resistance - 1205.50

1223.00


March Soymeal marked it's low 5.50 dollars below support.

support - 350.00

346.00

338.00

resistance - 356.00

360.00

363.00


March Corn printed a new low for the move at 432.75.

support - 433.50

432.00

414.50

resistance - 439.50

445.50

449.00


March SRW Wheat marked it's low 1 cent Above the middle support number, then rallied 16 cents, to a bit north of a resistance level.

support - 597.50-596.00

591.00

584.00

resistance - 612.00

617.50

623.00


March HRW Wheat marked the low in between the 1st 2 support levels, then rallied 13 cents.

support - 615.50

610.25

resistance - 626.00-628.00

641.00


March Spring Wheat marked it's low 3 ticks Above support at 690.00, then rallied to just shy of 1st support.

support - 694.00

690.50

resistance - 701.00

707.00

711.50-714.00


March S&P marked it's low well above support, then rallied 50 bucks.

support - 4998

4988

targets - 5075

5120

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