Commodity Market: Pivot Levels for Friday (December 2nd 2016)

Silver (SI) for March 2017 delivery (1 Troy Ounce)

R1 – $16.546
R2 – $16.586
R3 (Range Resistance – Sell) – $16.626
R4 (Long Breakout) – $16.745
R5 (Breakout Target 1) – $16.885
R6 (Breakout Target 2) – $16.946

S1 – $16.466
S2 – $16.426
S3 (Range Support – Buy) – $16.386
S4 (Short Breakout) – $16.267
S5 (Breakout Target 1) – $16.127
S6 (Breakout Target 2) – $16.066

Copper (HG) for March 2017 delivery (1 Pound)

R1 – $2.6481
R2 – $2.6532
R3 (Range Resistance – Sell) – $2.6583
R4 (Long Breakout) – $2.6735
R5 (Breakout Target 1) – $2.6914
R6 (Breakout Target 2) – $2.6991

S1 – $2.6379
S2 – $2.6328
S3 (Range Support – Buy) – $2.6277
S4 (Short Breakout) – $2.6125
S5 (Breakout Target 1) – $2.5946
S6 (Breakout Target 2) – $2.5869

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 1,031.2
R2 – 1,032.9
R3 (Range Resistance – Sell) – 1,034.5
R4 (Long Breakout) – 1,039.4
R5 (Breakout Target 1) – 1,045.1
R6 (Breakout Target 2) – 1,047.5

S1 – 1,028.0
S2 – 1,026.3
S3 (Range Support – Buy) – 1,024.7
S4 (Short Breakout) – 1,019.8
S5 (Breakout Target 1) – 1,014.1
S6 (Breakout Target 2) – 1,011.7

Corn (ZC) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 343.1
R2 – 343.9
R3 (Range Resistance – Sell) – 344.6
R4 (Long Breakout) – 346.8
R5 (Breakout Target 1) – 349.4
R6 (Breakout Target 2) – 350.4

S1 – 341.7
S2 – 340.9
S3 (Range Support – Buy) – 340.2
S4 (Short Breakout) – 338.0
S5 (Breakout Target 1) – 335.4
S6 (Breakout Target 2) – 334.4

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 396.4
R2 – 397.5
R3 (Range Resistance – Sell) – 398.5
R4 (Long Breakout) – 401.7
R5 (Breakout Target 1) – 405.3
R6 (Breakout Target 2) – 406.9

S1 – 394.4
S2 – 393.3
S3 (Range Support – Buy) – 392.3
S4 (Short Breakout) – 389.1
S5 (Breakout Target 1) – 385.5
S6 (Breakout Target 2) – 383.9

Natural Gas (NG) for January 2017 delivery (1 Mmbtu)

R1 – $3.526
R2 – $3.547
R3 (Range Resistance – Sell) – $3.569
R4 (Long Breakout) – $3.632
R5 (Breakout Target 1) – $3.706
R6 (Breakout Target 2) – $3.749

S1 – $3.484
S2 – $3.463
S3 (Range Support – Buy) – $3.441
S4 (Short Breakout) – $3.378
S5 (Breakout Target 1) – $3.304
S6 (Breakout Target 2) – $3.261

Crude Oil (CL) for January 2017 delivery (1 Barrel)

R1 – $51.32
R2 – $51.58
R3 (Range Resistance – Sell) – $51.84
R4 (Long Breakout) – $52.61
R5 (Breakout Target 1) – $53.52
R6 (Breakout Target 2) – $54.00

S1 – $50.80
S2 – $50.54
S3 (Range Support – Buy) – $50.28
S4 (Short Breakout) – $49.51
S5 (Breakout Target 1) – $48.60
S6 (Breakout Target 2) – $48.12