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Writer's pictureTech Guy

Tech Guy Weekend Comments 8/11/24

September Crude Oil marked it's high 32 cents below the 77.30 resistance, after making a new high for the move.

support - 75.85

74.50

resistance - 77.25

78.00


November Soybeans marked it's low 4.75 cents below the 1006.00 support level, after selling off about 15 cents from the high.

support - 998.50

984.00

resistance - 1016.00

1026.00


September Soymeal flushed out all the weak longs below the 316.00 support, and marked new contract lows by about 2 bucks.

Rolling to December Soymeal:

support - 307.00-306.50

286.00

resistance - 315.00

321.00


September Corn marked it's low 2.75 cents below the 378.00 support price, after selling off 6 cents high to low.

support - 374.50

367.00

resistance - 381.50

387.00

December Corn marked it's low on the lower 393.50 support price, after selling off 5.50 cents from high to low.

support - 393.50

386.00


September SRW Wheat marked it's high 2.00 cents above the 550.00 resistance level, after rallying about 15 cents from the opening/low bar Thursday night.

support - 540.00-538.50

532.50

resistance - 556.00

581.00


September HRW Wheat marked it's high 1.75 cents below the 567.00 resistance price, then sold off about 13 cents high to low.

support - 551.00

548.00

resistance - 561.00

567.50


September Spring Wheat marked it's low 1.00 cent above the 581.00 support level, then rallied 17 cents low to high.

support - 586.00

582.50

resistance - 600.00

613.00


Sep S&P traded above support, and closed 9 bucks above the 1st resistance level.

support - 5350

5308

resistance - 5436

5600



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