August Crude Oil marked it's low 18 cents below 81.15 support, after selling off about 1.70 high to low. It is possible crude comes down to test the bottom of the channel at 80.15.
support - 81.20
80.15
resistance - 82.70
83.35
August Soybeans marked the low in between the 2 stated support prices at on very heavy volume, after selling 25 cents high to low.
support - 1132.00
1124.50
resistance - 1155.50-1158.00
1167.00
August Soymeal marked it's low 1.50 below the 346.50 support level, after selling off 6 bucks high to low.
support - 345.50
343.50
resistance - 351.00-352.00
357.00
Sep Corn blew through all support levels in what appeared to be a capitulation event with a V bottom on the 2 & 5 minute charts. The trading range was 30 cents high to low! The Sep contract filled the liquidity roll gap from March to May futures.
support - 404.00
399.00
resistance - 429.00
436.00
Sep SRW Wheat marked it's low 4.50 cents below the 570.00 support level, being dragged down by corn.
support - 569.00
565.00
resistance - 583.00-586.50
592.00
Sep HRW Wheat sold off below support to test the previous day's low, before bouncing a dime off the low.
support - 582.00
577.00
resistance - 595.50
601.00 - breakout, 608.50
Sep Spring Wheat marked the low 4.50 below the 611.50 support level, after selling off 17 cents high to low.
support - 610.00
601.50
resistance - 624.00
632.00, 649.00
Sep S&P marked it's high 3 points below resistance, then sold off almost 75 points, down to old support at 5510.
support - 5519
5509, 5489
resistance - 5552
5586
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