July Wheat - 1.00 Lower
July Corn - Steady/Mixed
July Soymeal - 0.20 Higher
July Beans - 0.75 Lower
July Crude Oil managed to break through the 76.25 resistance level and rally past the 2nd resistance, closing at 78.23.
support - 77.55
76.25
resistance - 78.60
79.60
July Soybeans marked it's low 1 cent below the 1176.50 support price on the open last night, then worked higher the rest of the day to close up +8.75.
support - 1185.00
1176.00
resistance - 1195.00
1205.00, 1224.00
July Soymeal marked the low 2 bucks above the 358.00 support level, then rallied 7.50, to close in between the 2 resistance levels (365.00-370.00)
support - 365.00
362.00
resistance - 370.00
374.50
July Corn marked it's low 2 ticks above the 447.25 support price, then it rallied 4.50 cents.
support - 447.50
444.00
resistance - 454.50 - breakout
457.00, 463.00
July SRW Wheat continued it's selling spree and marked the low 3.25 cents below the 609.50 support price. I will say again today the fund buyers are beginning to step in aggressively.
support - 606.00
596.00
resistance - 627.00-631.50
654.00
July HRW Wheat marked it's low 8.25 cents below the 650.50 support level, as this is the 6th selling day in a row.
support - 640.00
630.00
resistance - 658.00
668.00, 690.00
July Spring Wheat marked the low 7.00 cents below the 680.50 support price, taking out many sell stops. Today is the 9th down day in a row - becoming very oversold.
support - 668.50
663.00
resistance - 697.00
720.00
June S&P marked the low in between the 5350 and 5328 support levels, at 5338.25, then bounced back up about 30 bucks into the close. This market has printed 3 small range days in a row, therefore because of the law of alternation, a range expansion (likely higher) is due in the next day or two.
support - 5357
5337
resistance - 5396
5450
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