GLOBAL RESEARCH & INVESTMENTS Daily Technical Overview
JUL WHEAT Resist: 628 1/4-629, 640 ST Trend: Down
(622 1/2) Supprt: 614 1/4-611, 601 1/4, 592 Obj: 601 1/4 TRP: 653.50
Comment: The market remains in a down trend and targets selloffs against the starting levels of the last
bull swing near 601 1/4. Near term trade is still within a congestion zone and holding off 614 1/4-611 may
foster additional sideways corrective trade. However, only a pop over 640 is needed to spark near term
friendly rallies against 653 1/2* to attack for a bull turn. A slide under 611 should fuel bear trending to 601
1/4.
JUL CORN Resist: 604 1/2-610 ST Trend: Sdwys/Up
(600 3/4) Supprt: 586 1/2*, 577, 573* Obj: None TRP: 573.00
Comment: The market is short term friendly and pushing rallies into target levels at 604 1/2-610. Trade is
still positioned for rallies, but watch for resistance at 604 1/2-610. A close over 610 is friendly. Trade
capped by 604 1/2-610 will likely react with setbacks to near term sideways flagging action near 590. A
close under 586 1/2* will send selloffs against 573* support.
