Tech Guy Comments 7/4/24

August Crude Oil marked the low 24 cents below the 82.70 support level, then rallied 1.50 yesterday, corrected about 90 cents, then rallied another buck from the corrective low.

support - 83.00

82.40

resistance - 84.50

85.75

August Soybeans marked the low 1.75 cents below support, then rallied 16 cents low to high, to within 2 ticks of the 1163.00 resistance price.

support - 1155.00

1145.50

resistance - 1163.00 - breakout

1180.00, 1186.50

August Soymeal marked it's low 70 cents below the 349.50 support level, after selling off about 4.50 high to low.

support - 349.00

347.50

resistance - 356.50 - breakout

362.00, 368.00

September Corn marked it's low at the lower support price of 404.00 and rallied 4 cents. The 15 and 30 minute charts are holding an uptrend line from Friday's low. I see this as positive for Friday's trade.

support - 404.00

402.00

resistance - 414.00

429.00

September SRW Wheat marked the low 2.75 cents above the 570.00 support level, after selling off about 15 cents high to low.

support - 570.00

565.50

resistance - 589.00-592.00

600.00

September HRW Wheat marked the low 1.50 cents above the 580.00 support price, after selling off about 15 cents.

support - 579.00

573.50

resistance - 600.00

608.50, 616.00

September Spring Wheat marked it's low 3.25 cents below the 624.00 support level, after selling off 14 cents high to low.

support - 616.50

611.00

resistance - 636.50

644.00, 649.00

Sep S&P marked the high 10 points above the 5587 resistance, after rallying 27 points low to high.

support - 5584

5558, 5473

resistance - 5600

5623