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Tech Guy Opening Calls & Comments 4/9/24

May Wheat - 0.50 Higher


May Corn - 0.75 Lower


May Soymeal - 1.10 Higher


May Beans - 1.00 Lower


May Crude Oil marked it's low 30 cents below the 85.40 support price after selling off $1.75 from near resistance.

support - 84.65

84.00-83.75

resistance - 86.75

87.70


May Soybeans marked the low 1 cent below the 1173.00 support after selling off 14 cents high to low.

support - 1172.00

1169.00

resistance - 1184.00

1193.00


May Soymeal marked it's low directly on the 332.30 support level, then rallied $6.50.

support - 334.50

332.30

resistance - 339.30

342.70


May Corn marked it's low 1 tick above the 429.50 support point after selling off 5 cents.

support - 430.50

426.00

resistance - 438.50

441.50


May SRW Wheat marked it's low 3.50 cents below the 557.00 support level, then rallied 7 cents - a 2 to 1 reward/risk.

support - 556.00

553.00

resistance - 564.50

574.00


May HRW Wheat marked it's low 4 cents below the 575.00 support after selling off 6.50 cents.

support - 575.00

570.00

resistance - 582.00

595.00


May Spring Wheat marked it's low 1 cent below the 640.25 support price then rallied 12 cents.

support - 647.00

639.00

resistance - 660.00

669.00


June S&P marked it's high 2.25 above the 5272 resistance level, then sold off about 60 bucks. After that, the S&P found secondary support 2 points below the 5225 support price, then rallied 45 bucks - 2 opportunities.

support - 5222

5180

resistance - 5278

5308




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