Tech Guy Comments for 9/5/24

October Crude Oil marked a lower low by 7 cents at 68.75, staying above major support, marking what appears to be a triple bottom on the 15 minute and hourly charts.

support - 68.85

67.70

resistance - 70.90

71.50

November Soybeans marked it's low 2.50 cents below the 1012.50 support level, then rallied about 14 cents.

support - 1012.50

1001.00

resistance - 1028.50

1043.00

December Soymeal marked it's low 3.30 bucks below the 324.00 support price, then rallied almost 7 bucks low to high.

support - 321.00

318.00

resistance - 335.00

343.00

December Corn marked it's low 1 tick below the 407.00 support level, after selling off about 6.50 cents high to low.

support - 406.00

404.00

resistance - 423.00

427.00

December SRW Wheat marked it's low about 4.50 cents below the 571.50 support price, after selling off about 12 cents from the overnight high, high to low.

support - 566.50

563.00

resistance - 592.00

611.50

December HRW Wheat marked it's low 1.25 cents below the 583.00 support level, after selling off about a dime high to low.

support - 581.50

574.00

resistance - 601.00

640.00

September Spring Wheat marked it's low 1.00 cent below the 617.50 support price, then rallied almost 12 cents low to high.

support - 617.00

612.00

resistance - 645.00

655.00

Sep S&P marked it's high 8 points below the 5565 resistance price level, then sold off about 67 points high to low.

support - 5470

5436

resistance - 5560

5604