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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 9/4/24

Dec Wheat - 1.00 Lower


Dec Corn - Steady


Dec Soymeal - Steady


Nov Beans - 1.25 Lower


October Crude Oil marked the low 38 cents below the 69.20 price level, which is the January 2 low.

support - 67.70

67.05

resistance - 69.30

70.80


November Soybeans marked it's low 1.75 cents above the 999.00 support level, then rallied 22 cents low to high.

support - 1012.50

1005.00

resistance - 1028.50

1043.00


December Soymeal marked it's low 1.10 bucks above the 316.50 support level, then rallied 11 bucks low to high.

support - 324.00

317.50

resistance - 335.50

342.50


Dec Corn marked it's low 2 ticks below the 408.00 support level, then rallied 7 cents to close directly at the 413.00 resistance price.

support - 410.00

407.00

resistance - 422.00-424.00

427.00


December SRW Wheat marked it's high 1.75 cents above the 581.00 resistance level, and closed up 13.75, at 580.50.

support - 576.00

571.50

resistance - 592.00

611.00


December HRW Wheat marked it's high 4.00 cents above the 590.00 resistance price, after rallying about 20 cents low to high.

support - 583.00

576.00

resistance - 601.00

639.00


December Spring Wheat closed 6.00 cents above the 617.50 resistance level (top of channel), which was 16.25 higher on the day - off to the races now.

support - 617.50

612.00

resistance - 630.00

645.50


Sep S&P closed about 3 bucks below the 5529 support level, 16.00 lower on the day.

support - 5502

5470

resistance - 5565

5604



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