Commodity Market: Pivot Levels for Thursday (January 12th 2017)

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

R1 – $16.860
R2 – $16.891
R3 (Range Resistance – Sell) – $16.923
R4 (Long Breakout) – $17.018
R5 (Breakout Target 1) – $17.129
R6 (Breakout Target 2) – $17.179

S1 – $16.796
S2 – $16.765
S3 (Range Support – Buy) – $16.733
S4 (Short Breakout) – $16.638
S5 (Breakout Target 1) – $16.527
S6 (Breakout Target 2) – $16.477

Copper (HG) for March delivery (1 Pound)

R1 – $2.6136
R2 – $2.6167
R3 (Range Resistance – Sell) – $2.6200
R4 (Long Breakout) – $2.6292
R5 (Breakout Target 1) – $2.6401
R6 (Breakout Target 2) – $2.6447

S1 – $2.6074
S2 – $2.6043
S3 (Range Support – Buy) – $2.6012
S4 (Short Breakout) – $2.5918
S5 (Breakout Target 1) – $2.5809
S6 (Breakout Target 2) – $2.5763

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

R1 – 1,012.8
R2 – 1,014.2
R3 (Range Resistance – Sell) – 1,015.6
R4 (Long Breakout) – 1,019.9
R5 (Breakout Target 1) – 1,024.8
R6 (Breakout Target 2) – 1,027.0

S1 – 1,010.0
S2 – 1,008.6
S3 (Range Support – Buy) – 1,007.2
S4 (Short Breakout) – 1,002.9
S5 (Breakout Target 1) – 998.0
S6 (Breakout Target 2) – 995.8

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

R1 – 357.8
R2 – 358.3
R3 (Range Resistance – Sell) – 358.9
R4 (Long Breakout) – 360.6
R5 (Breakout Target 1) – 362.6
R6 (Breakout Target 2) – 363.5

S1 – 356.6
S2 – 356.1
S3 (Range Support – Buy) – 355.5
S4 (Short Breakout) – 353.8
S5 (Breakout Target 1) – 351.8
S6 (Breakout Target 2) – 350.9

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

R1 – 419.9
R2 – 421.2
R3 (Range Resistance – Sell) – 422.5
R4 (Long Breakout) – 426.4
R5 (Breakout Target 1) – 431.0
R6 (Breakout Target 2) – 433.0

S1 – 417.3
S2 – 416.0
S3 (Range Support – Buy) – 414.7
S4 (Short Breakout) – 410.8
S5 (Breakout Target 1) – 406.2
S6 (Breakout Target 2) – 404.2

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

R1 – $3.237
R2 – $3.249
R3 (Range Resistance – Sell) – $3.262
R4 (Long Breakout) – $3.300
R5 (Breakout Target 1) – $3.345
R6 (Breakout Target 2) – $3.363

S1 – $3.211
S2 – $3.199
S3 (Range Support – Buy) – $3.186
S4 (Short Breakout) – $3.148
S5 (Breakout Target 1) – $3.103
S6 (Breakout Target 2) – $3.085

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

R1 – $52.44
R2 – $52.62
R3 (Range Resistance – Sell) – $52.81
R4 (Long Breakout) – $53.37
R5 (Breakout Target 1) – $54.02
R6 (Breakout Target 2) – $54.34

S1 – $52.06
S2 – $51.88
S3 (Range Support – Buy) – $51.69
S4 (Short Breakout) – $51.13
S5 (Breakout Target 1) – $50.48
S6 (Breakout Target 2) – $50.16