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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 7/17/24

Sep Wheat - 0.75 Lower


Sep Corn - Steady


Aug Soymeal - 0.60 Higher


Aug Beans - 0.75 Lower


August Crude Oil Rallied 1.92 on the day, which was 60 cents above the middle target of 82.50. Roll to September.

Support - 81.15

80.75

Resistance - 82.35

83.00


August Soybeans marked their high 2 ticks below the 1103.00 resistance at the gap, after it rallied 12 cents from the low printed last night.

support - 1093.00

1088.00

resistance - 1116.00

1125.00


August Soymeal marked it's high 1 dollar above the 338.50 resistance level, after rallying 6 bucks from the low.

support - 338.80-338.00

335.00

resistance - 341.50-343.50

347.70


September Corn marked the low 1.75 cents above the 393.50 support level, then rallied 4 cents from the low. Before that, corn rallied 5 cents to test the 399.50 resistance - it overshot by 2 ticks.

support - 395.00

394.00-393.00

resistance - 400.00

405.00


September SRW Wheat marked it's high 6.00 cents above the 550.00 target, after rallying 17 cents from the 529.00 support level.

support - 537.00

532.00

resistance - 547.00

562.00


September HRW Wheat marked the high 1.25 cents above the 566.50 resistance/target, after it rallied 20 cents from the opening/low last night.

support - 559.75

555.00

resistance - 569.00

576.00, 581.50


September Spring Wheat marked it's low 1 tick below the 575.00 support level, then rallied 16.75 cents on the day.

support - 587.00

584.50, 578.50

resistance - 595.00

604.00-607.50


Sep S&P sold off 84 bucks from last night's high to in between the lower 2 support levels of 5656 and 5620. The inclining wedge proved itself bearish.

support - 5631-5621

5586

resistance - 5676

5692



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