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Tech Guy Opening Calls & Comments 3/20/24

May Wheat - 0.25-0.50 Higher


May Corn - 1.00 Higher


May Soymeal - 0.30 Higher


May Beans - 1.00-1.50 Lower


May Crude Oil apparently needed to sell off 60-65 cents below support/breakout point to take out weak sell stops for energy to continue upwards.

support - 80.75

80.40

resistance - 82.70

83.15


May Soybeans marked it's low 1 tick above the 1180.75 support level, then rallied 30 cents.

support - 1206.00

1189.00

resistance - 1218.00

1233.00


May Soymeal also marked it's low 1 tick above 333.40 support, then rallied 9 bucks, to within the 2 resistance levels.

support - 340.20

339.20

resistance - 346.30

355.80


May Corn marked it's low 2 ticks above the 435.00 support point, then rallied 4 cents.

support - 438.00

437.00

resistance - 445.00 - breakout price

456.00


May SRW Wheat marked it's low on the 537.00 support level, after selling off 15 cents.

support - 541.25

536.50

resistance - 556.00 - breakout price

569.50


May HRW Wheat marked it's low 4.25 cents below the 571.00 support price, after selling off 16 cents.

support - 577.75

573.50

resistance - 593.00

605.50


May Spring Wheat marked it's low 5 cents below the 650.00 support.

support - 650.00

645.00

resistance - 660.00 - breakout point

674.50


June S&P remained 8 points above the 5224 support, then rallied 50 points on the FOMC data.

support - 5267

5253

resistance - 5334

5400 - psychological



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