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Tech Guy Opening Calls & Comments 11/19/24

Writer's picture: Tech GuyTech Guy

Dec Wheat - Steady


Dec Corn - Steady


Dec Soymeal - 0.50 Higher


Jan Beans - 1.25 Lower


January Crude Oil marked it's high at 69.74, which was in between the 2 given resistance areas, after rallying a buck 25 from the morning lows.

support - 68.40, 67.00

resistance - 70.00, 70.65


January Soybeans marked the low 1 tick above the 995.00 support level, after selling off 14.50 cents from high to low.

support - 986.00, 981.00

resistance - 1013.00, 1022.00


December Soymeal marked it's low 7 cents from the 287.00 support price, after selling off about 5 bucks from the high.

support - 287.50, 285.00

resistance - 293.00, 297.00


December Corn gave up 2.00 cents on the day, while trading in between support and resistance levels and closing at 427.25.

support - 422.00

resistance - 432.00


December SRW Wheat showed some strength today, rallying 4.75 cents above the first resistance price, after moving up 13.50 cents low to high.

support - 545.50, 536.00

resistance - 559.00, 569.00


December HRW Wheat also marked it's high significantly above resistance, while closing up 2.75 cents on the day.

support - 552.00, 541.50

resistance - 565.00, 574.00


December Spring Wheat had a small range day closing up just 1.75 cents on the trading session.

support - 582.00, 573.50

resistance - 594.50-596.00, 605.00


December S&P marked it's high about 9 bucks below the 5955 resistance price, after rallying approximately 90 bucks from the morning low.

support - 5886, 5854

resistance - 5964, 6025

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