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Tech Guy Weekend Comments 5/11/24

June Crude Oil broke support by about 60 cents and sold off about 1.75 high to low.

support - 77.25

76.80

resistance - 80.00

81.50


July Soybeans marked the low 3 cents below the 1208 support, then rallied 15 cents.

support - 1214.00

1204.00

resistance - 1237.00

1251.00


July Soymeal marked it's low 4 ticks below the 366.00 support level, after selling off 11 bucks from the high.

support - 368.70

365.00

resistance - 378.00

388.00


July Corn rallied 12 cents and closed above the 467.00 resistance price.

support - 467.00

464.00

resistance - 472.00 - breakout

481.00


July SRW Wheat marked it's low 2 cents above the 635.00 support level, then rallied 28 cents and closed above the 654.00 resistance price.

support - 649.50

645.50

resistance - 683.00

720.00


July HRW Wheat marked the high 4 cents below the 680.00 target price, while rallying 21 cents on the day.

support - 665.00

658.50

resistance - 693.00

722.00


July Spring Wheat rallied 16 cents on Friday to settle in between the 2 resistance prices.

support - 715.00

710.50

resistance - 731.00

739.50


June S&P marked the high 4 bucks above the 5260 resistance.

support - 5227

5195

resistance - 5286

5312



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