Commodity Market: Pivot Levels for Wednesday (December 28th 2016)

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

R1 – $16.021
R2 – $16.053
R3 (Range Resistance – Sell) – $16.085
R4 (Long Breakout) – $16.182
R5 (Breakout Target 1) – $16.294
R6 (Breakout Target 2) – $16.344

S1 – $15.957
S2 – $15.925
S3 (Range Support – Buy) – $15.893
S4 (Short Breakout) – $15.797
S5 (Breakout Target 1) – $15.684
S6 (Breakout Target 2) – $15.634

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

R1 – $2.5231
R2 – $2.5306
R3 (Range Resistance – Sell) – $2.5382
R4 (Long Breakout) – $2.5609
R5 (Breakout Target 1) – $2.5874
R6 (Breakout Target 2) – $2.6003

S1 – $2.5079
S2 – $2.5004
S3 (Range Support – Buy) – $2.4928
S4 (Short Breakout) – $2.4701
S5 (Breakout Target 1) – $2.4436
S6 (Breakout Target 2) – $2.4307

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

R1 – 1,026.6
R2 – 1,029.1
R3 (Range Resistance – Sell) – 1,031.5
R4 (Long Breakout) – 1,038.8
R5 (Breakout Target 1) – 1,047.4
R6 (Breakout Target 2) – 1,051.5

S1 – 1,021.8
S2 – 1,019.3
S3 (Range Support – Buy) – 1,016.9
S4 (Short Breakout) – 1,009.6
S5 (Breakout Target 1) – 1,001.0
S6 (Breakout Target 2) – 996.9

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

R1 – 355.9
R2 – 356.8
R3 (Range Resistance – Sell) – 357.7
R4 (Long Breakout) – 360.4
R5 (Breakout Target 1) – 363.5
R6 (Breakout Target 2) – 365.0

S1 – 354.1
S2 – 353.2
S3 (Range Support – Buy) – 352.3
S4 (Short Breakout) – 349.6
S5 (Breakout Target 1) – 346.5
S6 (Breakout Target 2) – 345.0

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

R1 – 410.9
R2 – 412.4
R3 (Range Resistance – Sell) – 414.0
R4 (Long Breakout) – 418.5
R5 (Breakout Target 1) – 423.9
R6 (Breakout Target 2) – 426.6

S1 – 407.9
S2 – 406.4
S3 (Range Support – Buy) – 404.8
S4 (Short Breakout) – 400.3
S5 (Breakout Target 1) – 394.9
S6 (Breakout Target 2) – 392.2

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

R1 – $3.774
R2 – $3.782
R3 (Range Resistance – Sell) – $3.790
R4 (Long Breakout) – $3.815
R5 (Breakout Target 1) – $3.844
R6 (Breakout Target 2) – $3.857

S1 – $3.758
S2 – $3.750
S3 (Range Support – Buy) – $3.742
S4 (Short Breakout) – $3.717
S5 (Breakout Target 1) – $3.688
S6 (Breakout Target 2) – $3.675

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

R1 – $54.00
R2 – $54.10
R3 (Range Resistance – Sell) – $54.19
R4 (Long Breakout) – $54.49
R5 (Breakout Target 1) – $54.83
R6 (Breakout Target 2) – $55.00

S1 – $53.80
S2 – $53.70
S3 (Range Support – Buy) – $53.61
S4 (Short Breakout) – $53.31
S5 (Breakout Target 1) – $52.97
S6 (Breakout Target 2) – $52.81