Commodity Market: Pivot Levels for Friday (December 23rd 2016)

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

R1 – $15.896
R2 – $15.921
R3 (Range Resistance – Sell) – $15.945
R4 (Long Breakout) – $16.020
R5 (Breakout Target 1) – $16.106
R6 (Breakout Target 2) – $16.142

S1 – $15.846
S2 – $15.822
S3 (Range Support – Buy) – $15.797
S4 (Short Breakout) – $15.723
S5 (Breakout Target 1) – $15.636
S6 (Breakout Target 2) – $15.600

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

R1 – $2.5043
R2 – $2.5091
R3 (Range Resistance – Sell) – $2.5139
R4 (Long Breakout) – $2.5284
R5 (Breakout Target 1) – $2.5452
R6 (Breakout Target 2) – $2.5529

S1 – $2.4947
S2 – $2.4900
S3 (Range Support – Buy) – $2.4851
S4 (Short Breakout) – $2.4706
S5 (Breakout Target 1) – $2.4538
S6 (Breakout Target 2) – $2.4461

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

R1 – 995.8
R2 – 997.2
R3 (Range Resistance – Sell) – 998.6
R4 (Long Breakout) – 1,002.8
R5 (Breakout Target 1) – 1,007.6
R6 (Breakout Target 2) – 1,009.6

S1 – 993.0
S2 – 991.6
S3 (Range Support – Buy) – 990.2
S4 (Short Breakout) – 986.0
S5 (Breakout Target 1) – 981.2
S6 (Breakout Target 2) – 979.2

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

R1 – 347.4
R2 – 347.6
R3 (Range Resistance – Sell) – 347.8
R4 (Long Breakout) – 348.3
R5 (Breakout Target 1) – 348.9
R6 (Breakout Target 2) – 349.2

S1 – 347.0
S2 – 346.8
S3 (Range Support – Buy) – 346.6
S4 (Short Breakout) – 346.1
S5 (Breakout Target 1) – 345.5
S6 (Breakout Target 2) – 345.2

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

R1 – 397.4
R2 – 397.7
R3 (Range Resistance – Sell) – 398.1
R4 (Long Breakout) – 399.2
R5 (Breakout Target 1) – 400.5
R6 (Breakout Target 2) – 401.0

S1 – 396.6
S2 – 396.3
S3 (Range Support – Buy) – 395.9
S4 (Short Breakout) – 394.8
S5 (Breakout Target 1) – 393.5
S6 (Breakout Target 2) – 393.0

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

R1 – $3.550
R2 – $3.562
R3 (Range Resistance – Sell) – $3.573
R4 (Long Breakout) – $3.609
R5 (Breakout Target 1) – $3.650
R6 (Breakout Target 2) – $3.669

S1 – $3.526
S2 – $3.514
S3 (Range Support – Buy) – $3.503
S4 (Short Breakout) – $3.467
S5 (Breakout Target 1) – $3.426
S6 (Breakout Target 2) – $3.407

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

R1 – $53.05
R2 – $53.15
R3 (Range Resistance – Sell) – $53.26
R4 (Long Breakout) – $53.56
R5 (Breakout Target 1) – $53.92
R6 (Breakout Target 2) – $54.08

S1 – $52.85
S2 – $52.75
S3 (Range Support – Buy) – $52.64
S4 (Short Breakout) – $52.34
S5 (Breakout Target 1) – $51.98
S6 (Breakout Target 2) – $51.82