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Tech Guy Opening Calls & Comments 11/18/24

Writer's picture: Tech GuyTech Guy

Dec Wheat - 0.25 Lower


Dec Corn - Steady to Mixed (430.00-427.00)


Dec Soymeal - 0.30 Lower


Jan Beans - 1.75 Lower


January Crude Oil indeed found the buyers starting 3 ticks above the 66.50 support level, then rallied about 2.75 bucks.

support - 68.60, 67.95

resistance - 69.40, 70.00


January Soybeans gained 11.50 on the trading session, marking the high 3.50 cents below the 1015.00 resistance price.

support - 995.00, 982.00

resistance - 1014.00, 1022.00


December Soymeal marked it's high 6 ticks beneath the 292.50 resistance point, after rallying a bit more than 4.50 bucks from low to high.

support - 287.50, 283.00

resistance - 297.00, 303.00


December Corn marked it's high 2 ticks from the 430.00 resistance level, after rallying about 7 cents from low to high. Corn has retraced at least 62% back up from the November 8th high of 434.75.

support - 422.00, 417.00

resistance - 433.50-435.00


December SRW Wheat rallied 10.25 cents on the day, while marking the high at the upper 551.00 resistance price.

support - 542.50, 536.00

resistance - 554.00, 569.00


December HRW Wheat marked it's high 4.25 cents below the 561.00 resistance price, after rallying about 15 cents low to high.

support - 546.50, 541.00

resistance - 561.00, 573.50


December Spring Wheat gained 12.75 cents on the session, marking the high at 588, which was in between the 2 given resistance points.

support - 577.50, 573.50

resistance - 595.00, 605.50


December S&P found the buyers today, after the massive selling last week and managed a gain of 22.00 bucks for the trade session. The price action remained above support and below resistance.

support - 5876, 5866

resistance - 5955, 5990

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