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Tech Guy Opening Calls & Comments 8/8/24

Sep Wheat - 1.00 Lower


Sep Corn - 0.25 Lower


Sep Soymeal - 0.10 Lower


Nov Beans - 0.50 Lower


September Crude Oil marked it's high 12 cents above the 76.40 resistance, after rallying almost 2 bucks from the low overnight.

support - 74.60

74.10

resistance - 76.50

77.30


November Soybeans marked it's low 1.00 cents above the 1007.00 support level, after selling off 16 cents high to low.

support - 1006.00

985.00

resistance - 1017.50

1026.00


September Soymeal marked it's low 1.1 bucks below the 320.00 support price, after selling off 8 bucks from the morning high.

support - 319.00

316.00

resistance - 327.50-329.00

336.00


September Corn marked it's low 2 ticks below the 379.00 support level, after selling off 8 cents from the morning high price.

support - 378.00

67.00

resistance - 387.00

393.00

December Corn:

support - 396.00

393.50

resistance - 404.00

409.00


September SRW Wheat marked it's low 1.50 cents above the 531.00 support price, after selling off 12 cents high to low.

support - 535.50

531.00

resistance - 550.00

556.00

September HRW Wheat marked it's low 2.75 cents below the 551.00 support level, after selling down 13 cents high to low.

support - 549.50

545.00

resistance - 567.00

580.00


September Spring Wheat marked it's low 1.25 cents below the 583.50 support price in what was a very quiet trading session.

support - 581.00

578.00

resistance - 597.00

613.00


Sep S&P marked it's low 6 bucks below the 5188 support price, then rallied 179 bucks! $8950/contract. These are historic moves in equities, happening the last week or so.

support - 5308

5202

resistance - 5356

5434



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