top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Opening Calls & Comments 4/18/24

May Wheat - 0.25 Higher


May Corn - 0.50 Higher


May Soymeal - Steady


May Beans - 1.25 Lower


May Crude Oil marked it's low 44 cents below the 81.50 support level, after selling off about 1.50 from the open/highs.

support - 81.55

80.60

resistance - 82.90

84.90


May Soybeans took out the 1142.00 support price by about 9 cents. 2 days in a row taking out support means beans are capitulating/exhausting to the downside.

support - 1128.50

1124.00

resistance - 1155.50

1180.00


May Soymeal marked the low 70 cents above the 335.50 support level. Because meal is stronger than beans, this is bullish for beans, ultimately. Underlying strength is building.

support - 337.40

336.00

resistance - 342.00

345.50


May Corn marked the low 2.25 cents below the 428.50 support point.

support - 424.50

421.50

resistance - 431.00

434.50


May SRW Wheat marked it's low 1.75 cents below 536.00 support, after selling off 8 cents from the high, which was 1 cent above the 543 resistance level.

support - 533.50

527.00

resistance - 544.50

555.00


May HRW Wheat marked it's low 1.25 cents above the 571.00 support price, then rallied a dime. In the overnight market, HR Wheat marked it's high 1 tick below 581 resistance, then sold off 9 cents. 10 + 9 = 19 cents - $950.

support - 575.50

572.00

resistance - 584.00

589.00


May Spring Wheat remained above support, and rallied to 3 cents above resistance at 642.50.

support - 636.25

633.00

resistance - 647.50

654.50


June S&P marked it's high 8 points above the 5087 resistance price, then sold off almost 50 points - $2500.

support - 5043

4952

resistance - 5097

5123



Comments


bottom of page