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Tech Guy Opening Calls & Comments 3/13/24

May Wheat - 1.50 Lower


May Corn - 0.50 Higher


May Soymeal - 0.60 Higher


May Beans - 1.50 to 3.00 Lower


April Crude Oil rallied 2.22 to within a few cents of resistance at 80.00.

support - 78.85-78.70

77.20

resistance - 80.30

82.25


May Soybeans marked it's low 6.25 cents below support and closed with a small gain on the day.

support - 1188.50

1184.50

resistance - 1234.00

1253.00


May Soymeal marked it's low 2.00 points above the 330.50 support level after selling off 6.50 points.

support - 335.00

329.70

resistance - 343.00

349.00


May Corn marked the low 1.25 cents below the 439.50 support level, in what was a similar trade as yesterday - same prices, back and forth.

support - 439.00

433.25

resistance - 445.00-448.00

                     459.00-463.00


May SRW Wheat marked it's high 2 cents below the 556.00 resistance, then sold off 17 cents to 5 cents below support.

support - 535.00

523.00

resistance - 550.50

562.00


May HRW Wheat sold off 11.00 cents on the day, trading 7 cents below support.

support - 582.50

573.00

resistance - 600.00

606.00-610.00


May Spring Wheat sold off 8.50 cents on the day and printed the low 1 cent below 661.50 support.

support - 660.00

653.00

resistance - 675.00

692.00


June S&P marked it's high 7.5 points below resistance of 5255, then sold off 30 points.

support - 5228

5207

resistance - 5245

5306



Opmerkingen


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