Commodity Market: Pivot Levels for Monday (January 23rd 2017)

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

R1 – $17.065
R2 – $17.097
R3 (Range Resistance – Sell) – $17.130
R4 (Long Breakout) – $17.227
R5 (Breakout Target 1) – $17.341
R6 (Breakout Target 2) – $17.391

S1 – $17.000
S2 – $16.967
S3 (Range Support – Buy) – $16.934
S4 (Short Breakout) – $16.837
S5 (Breakout Target 1) – $16.723
S6 (Breakout Target 2) – $16.673

Copper (HG) for March delivery (1 Pound)

R1 – $2.6303
R2 – $2.6355
R3 (Range Resistance – Sell) – $2.6408
R4 (Long Breakout) – $2.6566
R5 (Breakout Target 1) – $2.6751
R6 (Breakout Target 2) – $2.6833

S1 – $2.6197
S2 – $2.6145
S3 (Range Support – Buy) – $2.6092
S4 (Short Breakout) – $2.5934
S5 (Breakout Target 1) – $2.5749
S6 (Breakout Target 2) – $2.5667

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

R1 – 1,068.4
R2 – 1,069.5
R3 (Range Resistance – Sell) – 1,070.5
R4 (Long Breakout) – 1,073.6
R5 (Breakout Target 1) – 1,077.2
R6 (Breakout Target 2) – 1,078.7

S1 – 1,066.4
S2 – 1,065.3
S3 (Range Support – Buy) – 1,064.3
S4 (Short Breakout) – 1,061.2
S5 (Breakout Target 1) – 1,057.6
S6 (Breakout Target 2) – 1,056.1

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

R1 – 370.1
R2 – 370.5
R3 (Range Resistance – Sell) – 371.0
R4 (Long Breakout) – 372.4
R5 (Breakout Target 1) – 374.0
R6 (Breakout Target 2) – 374.7

S1 – 369.1
S2 – 368.7
S3 (Range Support – Buy) – 368.2
S4 (Short Breakout) – 366.9
S5 (Breakout Target 1) – 365.2
S6 (Breakout Target 2) – 364.5

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

R1 – 428.9
R2 – 429.5
R3 (Range Resistance – Sell) – 430.2
R4 (Long Breakout) – 432.2
R5 (Breakout Target 1) – 434.5
R6 (Breakout Target 2) – 435.5

S1 – 427.5
S2 – 426.9
S3 (Range Support – Buy) – 426.2
S4 (Short Breakout) – 424.2
S5 (Breakout Target 1) – 421.9
S6 (Breakout Target 2) – 420.9

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

R1 – $3.224
R2 – $3.237
R3 (Range Resistance – Sell) – $3.250
R4 (Long Breakout) – $3.288
R5 (Breakout Target 1) – $3.333
R6 (Breakout Target 2) – $3.351

S1 – $3.198
S2 – $3.185
S3 (Range Support – Buy) – $3.173
S4 (Short Breakout) – $3.134
S5 (Breakout Target 1) – $3.089
S6 (Breakout Target 2) – $3.071

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

R1 – $53.36
R2 – $53.50
R3 (Range Resistance – Sell) – $53.64
R4 (Long Breakout) – $54.07
R5 (Breakout Target 1) – $54.56
R6 (Breakout Target 2) – $54.79

S1 – $53.08
S2 – $52.94
S3 (Range Support – Buy) – $52.80
S4 (Short Breakout) – $52.37
S5 (Breakout Target 1) – $51.88
S6 (Breakout Target 2) – $51.65