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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 9/16/24

Dec Wheat - 1.25 Lower


Dec Corn - 0.50 Lower


Dec Soymeal - 0.10 Lower


Nov Beans - Steady


October Crude Oil marked it's low 20 cents below the 68.85 support level, then rallied over 2 bucks low to high.

support - 70.10

69.50

resistance - 71.50

73.00


November Soybeans marked their low 4.00 cents above the 995.00 support price and 5.50 cents below the 1004.50 support. It was a small range trading day of only 12.50-13.00 cents.

support - 1002.00

995.00

resistance - 1012.50

1022.00


December Soymeal marked it's low 90 cents below the 321.50 support level, then rallied about 5 bucks from support to the high.

support - 321.20

317.00

resistance - 327.00

333.00


December Corn marked it's low 2 ticks above the 408.00 support price, then rallied about 3.50 cents low to high - very small range day.

support - 408.50

406.00

resistance - 414.00

416.00


December SRW Wheat sold off 16.50 cents on the day, crashing about 11.00 cents below the 585.00 support level.

support - 574.50

566.00

resistance - 589.00

599.00


December HRW Wheat sold off 19.25 cents on the day, also taking out all support levels.

support - 576.50

570.00

resistance - 594.00

603.50


December Spring Wheat finished 15.75 cents lower today, testing old support near 614.00.

support - 616.00

603.00

resistance - 631.50

638.00


December S&P marked it's low 5 points above the 5665 support price, then rallied about 33 points low to high.

support - 5669

5640

resistance - 5721

5770






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