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Tech Guy Opening Calls & Comments 3/5/24

May Wheat - 1.25 Higher


May Corn - Steady


May Soymeal - 0.20 Higher


May Beans - 1.25 Lower


April Crude Oil Marked it's low 50 cents below support, then rallied 1.5-2.0 Dollars, staying below resistance. The trade manufactured upcoming down pressure on the chart today.

support - 76.70

75.00

resistance - 79.10

79.50


May Soybeans marked it's low 3.25 cents below 1150 support, trading in a small range today.

support - 1146.50

1138.50

resistance - 1158.50

1166.00


May Soymeal marked it's low at the 329.00 stated support level.

support - 329.00-328.00

resistance - 334.50

338.00


May Corn marked it's low directly in the middle of the 2 support levels 5.50 cents apart.

support - 425.25

422.00

resistance -430.50

433.50


May SRW Wheat marked it's low 6 cents below support after selling off 18 cents.

support - 549.00

540.50

resistance - 557.00

564.00


May HRW Wheat marked it's low 1 tick below support after selling off for 18 cents.

support - 567.50

561.00

resistance - 577.00

582.00


May Spring Wheat marked it's low 1 cent below support of 651.00 on a very narrow range day. The high was 1.50 cents above resistance.

support - 650.00

642.00

resistance - 663.00

675.00


March S&P sold off as much as 70 points today, to old support at 5060. During the selloff, a few of the SPY Weekly puts increased in value from 6 to 10 times.

support - 5060

5035

resistance - 5102

5122

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