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Tech Guy Opening Calls & Comments 4/3/24

May Wheat - 0.50 Lower


May Corn - 0.25 Higher


May Soymeal - 0.30 Lower


May Beans - 1.00 Lower


May Cocoa appears to have topped out for now (resistance at 9875)- not necessarily a final top. After correcting to support at 7700-7500, it will probably make another run to 10500-11000.


May Crude Oil rallied 30 cents to above resistance at 85.90.

support - 84.80

84.10

resistance - 86.25

88.30


May Soybeans marked it's low 1 cent below the 1169.50 support level, then rallied 16 cents.

support - 1179.50

1167.50

resistance - 1197.50

1208.00


May Soymeal marked it's low 2 ticks below the 325.30 support price, then rallied 6 bucks.

support - 328.00

324.50

resistance - 334.50

339.00


May Corn marked it's low 1 tick above the 425.50 support level, then rallied 7 cents.

support - 430.00

425.25

resistance - 437.00

441.00


May SRW Wheat marked the low 1.75 cents above the 2nd support level of 538.50, then rallied almost 20 cents.

support - 551.50

547.00

resistance - 562.50

569.00


May HRW Wheat marked the low on the stated support level of 560.50, then rallied 20 cents.

support - 573.50

569.50

resistance - 587.75

594.50


May Spring Wheat marked it's low 2 cents below the 628.00 support price, then rallied 20 cents low to high, past resistance levels.

support - 636.25

630.00

resistance - 647.00

661.00


June S&P made it's low 3.5 points below the 5248 support level, then rallied 36 points low to high.

support - 5249

5232

resistance - 5284

5296




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