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Tech Guy Opening Calls & Comments 7/2/24

Sep Wheat - 0.75 Higher


Sep Corn - Mixed, bid/ask from 406-410


Aug Soymeal - 0.80 Higher


Aug Beans - 0.50 Lower


August Crude Oil marked the high 7 cents below the 84.45 resistance level, and then corrected to within 2 cents of the 82.70 support.

support - 82.70

81.65

resistance - 84.50

85.75


August Soybeans marked the high about 3 cents above the 1158.00 resistance.

support - 1147.75

1141.50

resistance - 1163.00

1180.00


August Soymeal marked it's high 2 bucks below the 357.00 resistance price, after mounting a rally of about 5 bucks. Meal gapped up on the open last night, then that gap became support today.

support - 349.50

348.00

resistance - 357.00 - breakout

360.00


September Corn marked it's low 3 ticks above the 405.00 support level, then rallied 8 cents low to high.

support - 406.00

404.00

resistance - 414.00

429.00


September SRW Wheat marked the low 1 cent above the 577.50 support price, after selling off 11 cents.

support - 577.50

570.00

resistance - 592.00

600.00, 611.00


September HRW Wheat marked it's low 3 cents below the 591.00 support, after selling about a dime high to low.

support - 588.00

580.00

resistance - 600.00

608.00, 616.00


September Spring Wheat marked it's low 1 tick above the 625.00 support, during a small range, backfilling day.

support - 624.00

611.50

resistance - remains the same

649.00

658.00


Sep S&P broke out to the upside above 5541, after marking the low 2 bucks below 5504 support. It rallied about 65 bucks from support into the close.

support - 5551

5543

resistance - 5587

5610



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