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Tech Guy Opening Calls & Comments 4/1/24

May Wheat - 0.50 Higher


May Corn - Mixed, 434.25-432.25, 0.75 Higher to 1.25 Lower


May Soymeal - 0.40 Lower


May Beans - 1.25 Lower


May Crude Oil marked it's low 20 cents below the 82.80 support level, then rallied 2 bucks, almost trading to the 83.80 resistance.

support - 83.40

82.55

resistance - 83.80

85.70


May Soybeans marked it's low 5 cents below the 1186.50 support after selling off 17 cents.

support - 1176.00

1169.50

resistance - 1201.50

1211.00


May Soymeal marked it's low 1.50 points below the 332.80 support level, after selling off 6 bucks.

support - 331.30

325.50

resistance - 339.00

343.00


May Corn marked it's low 3.25 cents below the 435.50 support mark after selling off about 7 cents. Looks like a slingshot to go higher. Big up on Thursday/down today.

support - 434.00

431.75

resistance - 441.00

448.50


May SRW Wheat marked it's low 8 cents below support, testing the 547.00 area.

support - 554.00

547.00

resistance - 568.50

579.50


May HRW Wheat violated all support, selling off 20 cents on the lows for the day.

support - 571.25

564.00

resistance - 587.50

596.00


May Spring Wheat also violated support, marking new lows near 631.00.

support - 630.00

598.00 - weekly chart

resistance - 645.00

660.00


June S&P found support in between the 2 stated support marks at 5282, after selling off 50 points from last night's high.

support - 5275

5260

resistance - 5317

5334



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