Tech Guy Weekend Comments 8/3/25

September Crude Oil marked it's low 55 cents above the 68.50 support level, after selling off almost 2.50 from the high to the low. Crude continues to trade in a fairly big range between 70.00 and 64.50.

support - 66.50, 65.00

resistance - 69.60, 70.25

November Soybeans marked it's low 1.00 cent below the 987.00 support price, then rallied about 8.50 cents from the low to the high.

support - 985.00, 971.50

resistance - 996.00, 1000.50

December Corn marked it's high 1.00 cent above the 415.00 breakout number, then reversed down and sold off 6.00 cents from the high to the low. The 415.00 resistance continues to keep a lid on prices.

support - 408.50-407.50, 399.00

resistance - 417.00, 420.00

September SRW Wheat marked it's low 1 tick beneath the 516.50 support point, after selling off about a dime from the high to the low.

support - 510.50, 506.00

resistance - 526.00, 532.50

September HRW Wheat marked it's low 1.50 cents below the 518.50 support level, after selling off about 13.00 cents from the first stated resistance level to the low print.

support - 517.00-515.00, 506.00

resistance - 524.00, 530.00

September Spring Wheat marked it's low 3.00 cents below the 573.50 support number, after selling off 6.50 cents from high to low.

support - 563.50

resistance - 585.00, 595.00

Animals:

Most domesticated animals, if turned loose with no caretaker, will die after a few years of hard living. However, a domesticated hog will adapt to a free and wildlife-style faster than any other species. In fact, within six months on her own, that sweet gilt your kids showed at the fair will look just like all the other feral hogs born in the wild!

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