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Writer's pictureTech Guy

Tech Guy Opening Calls & Comments 8/6/24

Sep Wheat - 0.75 Higher


Sep Corn - 0.75 Lower


Sep Soymeal - 1.40 Higher


Nov Beans - 0.25 Lower


September Crude Oil marked an intraday swing low 9 cents below the 73.00 support level, then rallied 70 cents.

support - 73.00

71.70

resistance - 74.75

77.00


September Soybeans marked it's low directly in between the 2 support levels, after selling off 20 cents high to low.

support - 1011.00

1005.00

resistance - 1033.00

1040.00

November Soybeans:

support - 1018.00

1013.00

resistance - 1042.00

1049.00


September Soymeal marked it's high 1.20 above the 342.50 resistance, then sold off 13 bucks.

support - 327.00

323.00

resistance - 344.00

350.50


September Corn marked it's low 1.25 cents below the 387.00 support level, then rallied 7 cents low to high, then it backed off 5 cents into the close.

support - 385.50

381.00

resistance - 394.50

397.00

December Corn:

support - 402.00

400.00

resistance - 410.50

413.00


September SRW Wheat marked it's low 2 ticks below the 532.00 support price, then rallied 16.50 cents.

support - 539.00

531.00

resistance - 556.00

581.00


September HRW Wheat marked it's low 2.00 cents below the 555.00 support level, then rallied 13 cents low to high.

support - 557.00

550.00

resistance - 577.00

590.00


September Spring Wheat printed it's low 2.00 cents below the 583.00 support price, then managed a net gain of 5.00 cents on the day.

support - 586.50

580.00

resistance - 600.00

613.00


Sep S&P traded above support and below resistance today, and managed a net gain of about 57 bucks on the day.

support - 5246

5110

resistance - 5360

5434



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