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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments with Corn Chart/targets 12/10/24

March Wheat - Steady


March Corn - 0.75 Lower


Jan Soymeal - Steady


Jan Beans - 0.75 Lower


January Crude Oil marked it's high 9 cents shy of the 69.15 resistance number, after rallying about 1.40 from the overnight low.

support - 67.35, 67.00

resistance - 68.90


January Soybeans climbed 5.25 cents for the day, while staying in between support and resistance, but marking a higher low.

support - 990.00, 985.50

resistance - 1004.50, 1015.00


January Soymeal marked it's high 4 ticks above the 293.50 resistance level, after rallying almost 5.50 bucks - 2nd day in a row of higher lows and highs.

support - 290.60, 288.50

resistance - 294.00 - breakout, 299.00


March Corn marked it's 4th up day in a row, while closing at 448.50, 4.00 cents above the breakout resistance level of 444.50 - strong trend underway.

support - 447.00-446.00

targets (old highs) - 455.00, 460.00, 475.00

Check out the March Corn chart:


March SRW Wheat marked it's low 3 ticks above the 553.00 support price, then rallied almost a dime.

support - 558.25, 553.50

resistance - 569.00, 580.00


March HRW Wheat rallied 6.50 cents on the day, and traded within 1.25 cents of it's breakout point of 567.50.

support - 562.25-560.75

resistance - 573.00, 580.00


March Spring Wheat marked it's high 1.25 cents from the 609.00 resistance price, after rallying 8.50 cents from just a couple ticks away from support. Trend is up.

support - 603.50, 600.00

resistance - 613.00-617.00, 634.00


December S&P marked it's low 1 tick below the 6040 support point, after selling off about 35 bucks. Today's low should be the completion of the A leg of an A-B-C correction.

support - 6040-6035, 6018

resistance - 6080

Yorumlar


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