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Tech Guy Opening Calls & Comments 6/13/24

July Wheat - 0.75 lower


July Corn - 0.50 lower


July Soymeal - 0.50 Lower


July Beans - 1.75 Lower


July Crude Oil traded in a rangebound day testing 27 cents below the 77.90 support.

support - 77.54

77.10

resistance - 78.95

79.60 - breakout


July Soybeans marked the low in between the 2 - 5 cent apart support levels, then rallied almost 20 cents low to high.

support - 1185.50

1180.00

resistance - 1195.00

1205.00, 1224.00


July Soymeal marked it's low 2 ticks above the 358.80 support price, then rallied 10 bucks.

support - 365.00

362.50

resistance - 371.50

374.00


July Corn marked the low much above support on the open last night and never looked back, rallying about 6.50 cents.

support - 456.00

454.50

resistance - 463.00-464.00

471.00


Also on the open, July SRW Wheat marked it's low 2 cents above the 610.50 support level, then rallied about 14 cents low to high.

support - 615.75

610.00

resistance - 637.50

654.00


July HRW Wheat marked a bullish spike and ledge pattern and the low occurred at the 629.00 support price, then it rallied about 12 cents low to high.

support - 633.00

628.00

resistance - 642.00

648.00, 660.00


July Spring Wheat marked the low 1 tick above the 665.50 support level, and traded in a small range, inside day.

support - 665.00

659.00

resistance - 679.50

686.00, 697.00


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