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Tech Guy Opening Calls & Comments 6/6/24

July Wheat - 0.50 Lower


July Corn - 1.25 Higher


July Soymeal - Steady


July Beans - 0.50 Lower


July Crude Oil marked the low 11 cents above 73.95 support, then rallied 1.70.

support - 75.00

74.10

resistance - 76.20 - breakout

77.60


As expected, soy and corn appeared to have bottomed, maybe the wheats today or tomorrow.


July Soybeans marked the low 1 cent above the 1176.00 support level, then rallied almost 30 cents.

support - 1191.50-1190.00

1184.00

resistance - 1204.00 - today's high, breakout

1224.00


July Soymeal marked it's high 4 ticks below the 365.50 resistance price.

support - 362.00

358.50

resistance - 365.00 - breakout

370.00


July Corn marked it's high within a few ticks of the 454.00 resistance.

support - 448.00

443.50

resistance - 457.00

463.00


July SRW Wheat marked it's low 2.25 cents above the 638.00 support level.

support - 636.00

628.50

resistance - 654.00

664.50


July HRW Wheat marked the low 2 ticks below the 673.00 support level, then rallied 16 cents.

support - 672.25

668.00

resistance - 690.00

700.00


July Spring Wheat marked the low in between the 2 supports given, and sold off 5.75 cents on the day.

support - 700.00-697.50

690.50

resistance - 720.00

730.00-731.50


June S&P marked a slightly higher high today, in what was fairly quiet trading.

support - 5345

5335

resistance - 5373

5450



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