Tech Guy Opening Calls & Comments 7/29/24

Sep Wheat - 0.75 Lower

Sep Corn - 0.25 Lower

Sep Soymeal - Steady

Nov Beans - 0.75 Lower

September Crude Oil marked it's low 40 cents below the 75.75 support, after selling off more than 2 bucks. Looks like it will close very near the 75.75 mark.

support - 75.62

75.20, 74.10

resistance - 76.20

77.75

September Soybeans marked a new low at 1008.50, then rallied to close just above the 1029.00 support level. The volume on the V bottom was about 40% more than average, indicating capitulation.

support - 1018.00

1001.00

resistance - 1055.00

1080.00

November Beans closed 2.75 cents above the 1037.50 support price.

support - 1026.50

1010.00

resistance- 1059.00

1087.00

September Soymeal marked it's low 9 cents below the 329.00 support level, then rallied 7 bucks.

support - 332.00

328.00

resistance - 339.00

343.00

September Corn marked it's low 1 cent above the lower 389 support level, then rallied 6.50 cents , low to high.

support - 394.25

390.00

resistance - 405.00

410.00

December Corn:

support - 409.50

406.50

resistance - 420.00

424.00-426.00

September SRW Wheat marked it's low 5.75 cents below the 520.00 support level, then rallied 12 cents from that support.

support - 527.00

520.50

resistance - 543.50

556.00

September HRW Wheat marked the low 2.75 cents below the 543.50 support price, then rallied 11.50 cents from there.

support - 549.00

545.00

resistance - 566.50

577.00

September Spring Wheat marked it's low 2.25 cents below the 585.50 support price, then rallied 12 cents low to high.

support - 583.00

574.00

resistance - 595.00

613.00

Sep S&P traded in a 55 dollar range, staying about 8-10 bucks shy of support and resistance.

support - 5479

5460

resistance - 5538

5585-5594 - gap