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Tech Guy Opening Calls & Comments 8/7/24

Sep Wheat - 0.25 Higher


Sep Corn - 0.25 Lower


Sep Soymeal - 0.40 Higher


Nov Beans - 0.75 Lower


September Crude Oil marked the low 42 cents below the 73.00 support after the open last night, but then quickly recovered to above 73.00 and rallied 2.75 the rest of the session.

support - 74.95

74.00

resistance - 76.40

77.40


September Soybeans tested below the contract low and marked it's low 4.50 cents below the 1005.00 support level, but then recovered to close above 1005.00.

support - 1000.00

985.00

resistance - 1023.00

1033.00

November Soybeans marked it's low 1.00 cent above the 1013.00 support level, after selling off 15 cents.

support - 1013.00

1006.00

resistance - 1034.00

1043.00


September Soymeal marked it's low 90 cents below the 323.00 support price, after selling off 8 bucks from the high.

support - 322.60

320.00

resistance - 329.00

344.00


September Corn marked it's low 3 ticks above the 381.00 support level, after selling off about 8 cents high to low.

support - 380.50

379.00

resistance - 388.00

394.00

December Corn:

support - 399.00

396.00

resistance - 405.00

409.00, 413.50


September SRW Wheat marked it's low 4.25 cents below the 539.00 support level, then recovered to close 1 tick above this price.

support - 536.50

531.00, 524.50

resistance - 549.00

556.00


September HRW Wheat marked it's low 2.25 cents above the 550.00 support level, after selling off 14 cents high to low.

support - 553.50

551.00

resistance - 567.00

579.00


September Spring Wheat marked it's low 2.25 cents below the 586.50 support price, after selling off 14 cents high to low.

support - 583.50

575.00

resistance - 597.00

613.00


Sep S&P marked it's high 1 buck below the 5360 resistance level, then sold off about 130 bucks.

support - 5188

5028

resistance - 5300

5360



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