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Tech Guy Opening Calls & Comments 7/11/24

Writer's picture: Tech GuyTech Guy

Sep Wheat - Steady


Sep Corn - Steady/Mixed, Bids/Offers from 398-403


Aug Soymeal - 0.90 Lower


Aug Beans - 1.50 Higher


August Crude Oil marked it's high 23 cents above the 82.90 resistance level, after rallying about 90 cents for the day.

support - 82.50

81.50

resistance - 83.50

84.60


August Soybeans marked the high 5 ticks above the 1123.50 resistance price, then sold off 16 cents high to low.

support - 1105.00

1094.00

resistance - 1126.50

1139.00


August Soymeal marked it's low 1.40 bucks above the 336.70 support level, then rallied 5 bucks.

support - 339.50

338.00

resistance - 344.00

348.00


September Corn marked it's high 4 cents above the 399.00 resistance level, after rallying 8 cents from last night's open.

support - 399.00

395.00

resistance - 406.00

412.50


September SRW Wheat marked the low 2 ticks below the 560.00 support, then rallied 20 cents, 2 cents beyond the 579.00 resistance.

support - 566.00

556.00

resistance - 581.50-583.00

593.00


September HRW Wheat marked it's low 1.25 cents above the 560.50 support level, then rallied 28 cents! It's trading back up into the channel again, looking like today's selloff was a fakeout.

support - 580.00

567.50

resistance - 591.00

601.00, 609.00


September Spring Wheat rallied 7.75 cents on the day, marking the high 4.00 cents above the 624.00 resistance price.

support - 614.00

606.00

resistance - 630.00

636.00, 641.00


Sep S&P rallied 18 points higher, then sold off 77 points, breaking support! Therefore, this could be the start of a small or big correction lasting at least a few days.

support - 5630

5614

resistance - 5655

5670





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