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Tech Guy Weekend Comments 7/7/24

Writer's picture: Tech GuyTech Guy

August Crude Oil marked it's high 2 ticks above the 84.50 resistance, then sold off almost 1.50 to 7 cents above the 83.00 support level.

support - 83.25

82.40

resistance - 84.60

85.70


August Soybeans marked the low in almost directly in between the 2 support levels, then rallied 20 cents low to high.

support - 1162.50

1155.00

resistance - 1180.00

1187.00


August Soymeal marked it's low 3 ticks below the 349.00 support, then rallied 10 bucks.

support - 356.30

355.00

resistance - 365.00-367.50

372.00


September Corn marked it's low 1 cent above the 404.00 support, then rallied about 7 cents low to high.

support - 409.00

407.00

resistance - 418.50

430.00


September SRW Wheat rallied about 18.50 cents on the day, marking the high 1 tick above the 592.00 resistance.

support - 587.00

580.50

resistance - 600.00

611.50, 623.00


September HRW Wheat marked the high 2 ticks above the 600.00 resistance level, after rallying about 18 cents on the day.

support - 595.25

592.00

resistance - 609.00

616.50

resistance - 609.00

616.50, 630.00


September Spring Wheat marked the high 1.75 cents below the 636.50 resistance price, after rallying about 11.50 cents on the day.

support - 629.00

623.00

resistance - 636.50 - breakout

650.00, 658.00


Sep S&P marked it's low 1 point above the 5584 support level, then rallied 40 points, marking the high 3 points above the 5623 resistance price.

support - 5610

5595

resistance - 5627

5655



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