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

Tech Guy Opening Calls & Comments 6/10/24

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



Recent Posts

See All

Comments


bottom of page