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Tech Guy Opening Calls & Comments 8/19/24

Writer's picture: Tech GuyTech Guy

Sep Wheat - Steady


Dec Corn - 0.25 Lower


Dec Soymeal - Steady


Nov Beans - 1.25 Lower


October Crude Oil marked a new low for the move today, crashing through support by about a dollar. The volatility has increased a lot in the last few days. I expect big up and down days this week and probably beyond.

support - 73.45

72.50

resistance - 75.75

77.00


November Soybeans marked their high 1 cent below the 978.00 resistance level, after rallying 18 cents from the low.

support - 969.00

959.00

resistance - 978.00 - breakout

990.00


December Soymeal marked it's high 1.50 bucks above the 310.00 resistance price, after rallying almost 10 bucks.

support - 309.00

305.00

resistance - 314.00

321.00


December Corn marked it's high 1 tick below the 401.00 resistance level, after rallying almost a dime from the morning low.

support - 397.50

395.50

resistance - 404.00

409.00


September SRW Wheat marked it's low 1.25 cents below the 523.00 support level, then rallied about a dime.

support - 527.00

523.50

resistance - 534.00

540.00


September HRW Wheat marked it's low 2.50 cents below the 537.00 support price, then rallied a dime, low to high.

support - 538.00

534.00

resistance - 550.00

559.00


September Spring Wheat marked it's low 2.50 cents above the 583.00 support level, and finished the day down 6.00 cents.

support - 582.00

575.00 - breakdown

resistance - 595.50

601.00 - breakout


Sep S&P closed 27 bucks above the 5600 resistance price , which was near the highs for the day.

support - 5594

5534

resistance - 5667

5721 - all time highs




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