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Tech Guy Weekend comments 6/2/24

July Crude Oil closed 3 cents above the lower support of 77.15 on Friday, and marked the low 48 cents below that support, after selling off almost 2 bucks from high to low.

.support - 76.95

76.15

resistance - 78.65

79.50


July Soybeans marked the low 1.25 cents above the 1202.50 support level, after selling off 20 cents.

support - 1201.50

1189.00

resistance - 1224.00

1230.00


July Soymeal marked it's low 70 cents below the 363.00 support, after selling off 7 bucks.

support - 363.00

361.50

resistance - 367.50

370.00


July Corn made it's low 1.50 cents below the 447.00 support level, after selling off 8 cents high to low.

support - 443.75

440.00

resistance - 450.50

454.00


July SRW Wheat marked the low about halfway in between the 2 stated support levels, after selling off 15 cents high to low.

support - 673.50

668.00

resistance - 691.00

706.50


July HRW Wheat marked it's low exactly halfway in between the 2 listed support levels - 4 cents below and above, after selling off about 19 cents.

support - 706.50

698.00

resistance - 723.00

733.00


July Spring Wheat marked the high within 1 tick of the 752.50 resistance, then sold off 16 cents.

support - 735.00

728.50

resistance - 753.00

765.00


June S&P marked the high 7 bucks above the 5300 resistance level, after rallying about 100 bucks from the low - range expansion day.

support - 5277

5253

resistance - 5308

5340



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