Tech Guy Comments 7/4/24
- Tech Guy
- Jul 4, 2024
- 1 min read
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

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