top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!

Tech Guy Opening Calls & Comments 5/28/24

July Wheat - 2.50 Higher


July Corn - 0.25 Higher


July Soymeal - 1.10 Higher


July Beans - Steady/Mixed, 1 Lower to 1 Higher


July Crude Oil opened above support and never looked back, trading in a strong uptrend. It closed above the upper resistance level, up +2.33 as of this writing.

support - 79.05

78.66

resistance - 80.25

81.60


July Soybeans marked the high in between the 2 resistance levels which were 9 cents apart, then sold off almost 30 cents to below both support prices - volatility is increasing.

support - 1228.00

1224.00, 1218.50

resistance - 1246.50

1253.00


July Soymeal marked it's high 3 ticks above the 391.00 resistance, then sold off 16 bucks.

support - 375.00

369.50

resistance - 386.00

389.50


July Corn marked the low 1 tick below the 460.25 support level, after selling off 10.50 cents from in between the 2 resistance levels.

support - 461.25

458.50

resistance - 468.50

471.50


July SRW Wheat marked the high 2 cents above the 718.00 resistance price, then sold off 25 cents, to 1.50 cents above support.

support - 696.50

690.00

resistance - 710.00

720.00


July HRW Wheat marked the high 2.25 cents below the 748.50 resistance, then sold off 23 cents to within 2.25 cents of the 720.00 support level.

support - 729.00

724.00

resistance - 748.50

763.00


July Spring Wheat rallied to 3 ticks above the 767.00 resistance. The move was 15 cents low to high.

support - 753.00

747.00

resistance - 773.00

789.00


June S&P marked the low 7 points below the 5304 support level, then rallied 26 points.

support - 5286

5266, 5245

resistance - 5338

5342




Recent Posts

See All

Comments


bottom of page