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Tech Guy Opening Calls & Comments 3/14/24

May Wheat - 0.75 Higher


May Corn - Steady


May Soymeal - 0.30 Higher


May Beans - 2.25 Lower


April Crude Oil traded above support and broke the resistance/breakout level at 80.30 to the upside, gaining 1.35 on the day.

support - 80.35-80.25

79.60

resistance - 82.25

83.50



May Soybeans marked it's low 3 cents above support at 11.88.50, after a big rally and correction.

support - 1188.50

1182.50

resistance - 1218.00

1234.00


May Soymeal marked it's high 1.50 above 343.00 resistance after a rally of 8 bucks.

support - 334.50

332.50

resistance - 344.50

353.00


May Corn marked it's low 1 tick from 433.25 support after selling off 8 cents from the highs.

support - 433.00

431.50

resistance - 446.50

460.00


May SRW Wheat marked it's low 5.25 cents above the 523.00 support level, after selling off 11.25 on the day.

support - 528.00

523.00

resistance - 550.00

559.50


May HRW Wheat marked it's low 2.25 cents below the 573.00 support level, after selling 12.50 cents on the day.

support - 570.50

561.00

resistance - 590.00

600.00


May Spring Wheat marked it's low at the stated support level of 653.00 after losing 8.25 cents for the day.

support - 651.50

648.50

resistance - 665.00

675.00


June S&P marked it's morning intraday low 4 points below the 5307 support, after selling off 50 points from the high. The S&P traded to 2 more successive lows afterwards, forming what looks to be a triple 3 low correction.

support - 5208

5186

resistance - 5241

5253



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