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Tech Guy Opening Calls & Comments 9/30/24

Dec Wheat - 0.25 Lower


Dec Corn - 0.75 Lower


Dec Soymeal - 0.30 Lower


Nov Beans - 3.00 Lower


November Crude Oil traded in a range of about 1.75, marking it's high and low in between the 2 stated support and resistance levels.

support - 67.50

66.90

resistance - 69.30

70.00


The rally in all the grains is solidly intact.


November Soybeans marked the low 3.00 cents above the lower 1049.00 support level, and rallied about 18.00 cents from low to high.

support - 1050.50

1043.00

resistance - 1070.00

1083.00


December Soymeal marked it's high 1.10 bucks shy of the 348.00 resistance price, after rallying about 7.50 bucks low to high.

support - 339.00

335.50

resistance - 350.50

359.00


December Corn rallied 6.00 cents on the day, closing directly on the 424.00 resistance level, after trading as high as 3.75 cents above it.

support - 424.00

419.50

resistance - 428.00

438.00


December SRW Wheat marked it's low 2 ticks above the 575.00 support level, then rallied about 16 cents to the high.

support - 582.50

575.00

resistance - 591.00

597.00


December HRW Wheat marked it's low 3 ticks above the 570.50 support price, then rallied a little more than 18 cents to the high, which was 1.50 cents shy of the 591.00 resistance level.

support - 580.00, 578.00

575.00

resistance - 591.00 - breakout

595.00, 606.00


December Spring Wheat marked it's low 1.00 cent below the 605.00 support level, then rallied 20.00 cents low to high.

support - 613.50

605.00

resistance - 638.00

647.00


December S&P marked it's high 3 ticks shy of the 5821 resistance price, after rallying about 75 bucks low to high.

support - 5804

5790

resistance - 5830

5865




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