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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 5/29/24

July Wheat - 0.25 Higher


July Corn - 0.25 Lower


July Soymeal - Steady


July Beans - 1.25 Lower


July Crude Oil marked the high 37 cents above the 80.25 resistance point, then sold off about 1.50 to 6 ticks below support at 79.05.

support - 79.15

78.35

resistance - 80.60

81.60


July Soybeans crashed through all support levels.

support - 1209.00

1203.00

resistance - 1226.00-1229.00

1240.00


July Soymeal marked it's low 1.30 below the 369.50 support level, after selling off 10.50 high to low.

support - 367.50

365.00

resistance - 378.00

389.00


July Corn marked the low 4.25 cents below the 458.50 support level. This was too far below to be valuable.

support - 455.00

451.00

resistance - 463.00

468.50


July SRW Wheat marked the high at 706.25, which was in the stated range of the later revised resistance prices, then sold off 16.50 cents.

support - 688.50

682.50

resistance - 706.50

711.00


July HRW Wheat crashed through the stated support levels.

support - 718.25

710.00

resistance - 733.00

738.00


July Spring Wheat marked the low 1.75 cents below the 747.00 support price, after selling off 17 cents.

support - 749.00

744.50

resistance - 764.50

773.00


June S&P marked the low 2.25 dollars above the 5266 support price after selling off 55 bucks.

support - 5264

5236

resistance - 5299

5333



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