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Tech Guy Opening Calls & Comments 6/11/24

July Wheat - 0.50 Lower


July Corn - 0.50 Lower


July Soymeal - 0.70 Lower


July Beans - 2.75 Lower


July Crude Oil rallied again today, and made the high 16 cents below 78.60 resistance.

support - 77.25

76.25-76.00

resistance - 78.60

79.50


July Soybeans marked the high 2 cents below the 1195.00 resistance, then sold off 15 cents.

support - 1176.00

1172.50

resistance - 1193.50

1204.00


July Soymeal marked it's high 14 ticks above the 370.00 resistance, then sold off 12 bucks.

support - 355.00

345.00

resistance - 365.00

371.50


July Corn marked it's high 1.75 cents above the 454.50 resistance, then sold off about 7 cents. The daily uptrend is intact. Several recent closes hugging an uptrend line - please see the chart below for reference.

support - 447.50

444.00

resistance - 456.50-457.50 - breakout

463.50




July SRW Wheat marked the low 1 tick below the 606.00 support, then rallied 25 cents.

support - 618.00

608.00

resistance - 633.50

654.00


July HRW Wheat marked the low 2 ticks below support, then rallied 20 cents.

support - 648.50

643.00

resistance - 663.00

668.00


July Spring Wheat marked a small range, inside day, trading in between support and resistance.

support - 672.50

668.00, 659.00

resistance - 685.00

697.00




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