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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 7/18/24

Sep Wheat - 0.25 Lower


Sep Corn - 0.25 Lower


Aug Soymeal - 0.10 Lower


Aug Beans - Steady


September Crude Oil marked it's high 7 cents below the 82.35 resistance level, then sold off about 1.65 to 14 cents below the 80.75 support price.

support - 80.25-80.20

79.60

resistance - 81.90

82.30


August Soybeans marked their low 1.00 cent below the 1088.00 support level, then rallied a dime, back to near yesterday's highs.

support - 1092,50

1087.00

resistance - 1116.00

1125.00


August Soymeal marked the low 1 dollar above the 335.00 support price, then rallied about 5.50 bucks low to high.

support - 336.00

334.50

resistance - 343.50

347.00


Will roll to Sep beans & meal on next report.


September Corn sold off below support and was trying to test Monday's low of 389.50, but the buyers defended the 390.00 level.

support - 390.00-388.50

378.50

resistance - 396.50

400.00, 405.00


September SRW Wheat marked it's low 1.00 cent above the 532.00 support, after selling off 12 cents high to low.

support - 531.00-530.00

525.00

resistance - 545.00-546.50

552.50


September HRW Wheat marked the low 2 ticks above the 555.00 support level, then rallied about 13 cents low to high.

support - 559.25

555.00

resistance - 570.00

576.50, 581.50


September Spring Wheat marked it's low 1.50 cents above the 587.00 support price, then rallied 11 cents low to high.

support - 595.00

588.50

resistance - 608.00

616.00, 628.00


Sep S&P marked the low 16 points below the 5586 support level, after selling off 78 points high to the 5586 support.

support - 5586-5580

5570, 5488

resistance - 5668

5721



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