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Tech Guy Opening Calls & Comments 7/9/24

Sep Wheat - Steady


Sep Corn - Mixed, +1.00 to - 1.00


Aug Soymeal - 0.80 Lower


Aug Beans - 1.25 Lower


August Crude Oil found support 35 cents above the 80.90 support price, while continuing it's small correction.

support - 81.45

80.90

resistance - 82.50

82.90, 83.45


August Soybeans tested an old low at 1129.75 printed on June 30th, with very heavy capitulation volume in the middle of the session.

support - 1128.00

1094.00

resistance - 1153.50

1163.00 - gap


August Soymeal marked it's low 50 cents below the 344.00 support level, after selling off 7 bucks high to low.

support - 344.20

342.50, 340.00

resistance - 350.80

353.50, 358.00


September Corn marked a higher low today by 2 ticks.

support - 393.00

390.50

resistance - 399.00

409.50


September SRW Wheat marked it's low 3.25 cents above the 566.00 support level, and managed a small rally of about 9 cents low to high.

support - 568.00-566.00

559.50

resistance - 581.00-583.50

592.50


September HRW Wheat did not confirm the reversal higher yet, although it marked a series of higher highs on the intraday charts, and remained above support, indicating it is working on the reversal.

support - 576.50 - ledge support

573.00

resistance - 588.50

600.00


September Spring Wheat traded a small range day, marking the low within the upper 2.50 cent support range.

support - 615.50

613.00, 602.00

resistance - 623.50

634.50


Sep S&P marked the high 1 tick below the 5646 resistance level, while continuing the rally.

support - 5621

5610, 5584

resistance - 5652

5685



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