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Tech Guy Opening Calls & Comments 5/9/24

July Wheat - 0.50 Lower


July Corn - 0.25 Higher


July Soymeal - 0.10 Higher


July Beans - 0.50 Higher


June Crude Oil marked the low 31 cents above support, and the high traded into the first part of resistance.

support - 79.30

78.80

resistance - 81.50

82.40


July Soybeans broke support and traded down to the neckline on the daily continuation chart.

support - 1208.00

1190.00

resistance - 1237.00

1249.00

Check out the daily bean chart here:


July Soymeal marked it's low 2 bucks below the 374.50 support level, after selling off 9 bucks.

support - 371.50

366.00

resistance - 382.00

390.00


July Corn marked the low 1 tick above the lower support level of 454.00, after selling off 7.50 cents.

support - 456.00

454.00

resistance - 462.50

467.00


July SRW Wheat marked the low 1.50 cents above the 630.00 support, then rallied 16 cents low to high.

support - 635.00

628.00

resistance - 649.00

654.00, 684 target above.


July HRW Wheat marked it's low 2.00 cents above the 644.50 support price.

support - 648.50

643.50

resistance - 668.00

680.00, 693.00


July Spring Wheat stayed 3.00 cents above the 697.00 support price. It rallied 16 cents from the low/open last night.

support - 700.00

697.00

resistance - 716.00

731.00


June S&P marked the low halfway in between the 2 support levels which were 16 bucks apart, then rallied over 40 bucks.

support - 5226

5195

resistance - 5260

5287


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