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Tech Guy Opening Calls & Comments 4/16/24

May Wheat - 0.75 Higher


May Corn - Mixed, 1 Higher to 2 Lower


May Soymeal - 0.10 Higher


May Beans - 1.25 Lower


May Crude Oil marked it's low at the 84.75 support level, after selling off about 1.50 from resistance at 86.15.

support - 85.10

84.50

resistance - 86.20

87.70


May Soybeans marked the low 7 cents below support after selling off 13 cents.

support - 1144.00

1140.00

resistance - 1163.00

1180.00


May Soymeal marked it's low 1.20 below the 336.40 support after selling off 5.5 bucks.

support - 335.00

334.00

resistance - 338.40

342.00


May Corn marked it's low 1 tick below the 428.75 support price, then rallied 3.50 cents.

support - 429.50

428.00

resistance - 434.50

438.00


May SRW Wheat marked it's low 2 ticks below the 543.00 support, then rallied about 9 cents.

support - 547.25

545.25

resistance - 557.00

562.50


May HRW Wheat marked it's low 3 ticks above the 578.00 support, then rallied 22 cents low to high, to within 1.50 cents of resistance.

support - 585.00

582.75

resistance - 591.75 - breakout

598.00


May Spring Wheat marked it's low 2 ticks above 634.50 support, after selling off 13 cents.

support - 634.50

631.75

resistance - 643.00

652.00


June S&P marked it's low 6.25 points below the 5085 support level, then rallied 40 points.

support - 5093

5060

resistance - 5126 - breakout

5213



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