Tech Guy Opening Calls & Comments 7/24/24

Sep Wheat - 0.50 Higher

Sep Corn - 1.25 Lower

Sep Soymeal - 0.40 Higher

Nov Beans - 1.0 Higher. Sep too thin for accuracy on the calls.

September Crude Oil marked it's low 18 cents above the 76.80 support level, after selling off about a buck from above the first resistance point.

support - 77.20-77.15

76.90, 76.25

resistance - 78.90

79.40

September Soybeans marked their low 1 cent below the 1060.00 support level overnight, then rallied 15 cents.

support - 1058.25

1052.50

resistance - 1076.00

1083.00, 1097.50

November Soybeans:

support - 1061.50

1056.00

resistance - 1080.00

1087.00, 1099.00

September Soymeal marked it's low 2 ticks above the 322.50 support price, then rallied 9 bucks low to high.

support - 324.50-323.50

321.00

resistance - 332.00

340.00

September Corn marked it's low 1 penny below the 400.00 support level, then rallied a dime, low to high.

support - 401.75

399.00

resistance - 410.00

414.00, 429.00

December Corn marked it's low 1 tick below the 414.75 support, then rallied 9 cents.

support - 416.50

414.00

resistance - 424.50-426.50

441.00

September SRW Wheat marked it's low 1 tick below the 537.50 support price, then rallied 18 cents.

support - 546.50

542.50

resistance - 556.00

562.00, 571.00

September HRW Wheat marked it's low 2.25 cents below the 562.25 support point, then rallied about 15 cents, low to high.

support - 561.00-559.00

555.00

resistance - 576.00

580.00, 590.00

September Spring Wheat marked it's low 2.50 cents above the 605.50 support level overnight, then rallied 13 cents from the 608.25 low print.

support - 606.00

597.00

resistance - 625.00-630.00

636.00

Sep S&P crashed through both support prices. It is trying to fill the continuation gap from June 14th-17th at roughly the 5450 price.

support - 5471

5450, 5396

resistance - 5543

5593

Here's the 1 hour S&P chart.