Commodity Market: Pivot Levels for Thursday (February 2nd 2017)

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

R1 – $17.478
R2 – $17.506
R3 (Range Resistance – Sell) – $17.534
R4 (Long Breakout) – $17.618
R5 (Breakout Target 1) – $17.716
R6 (Breakout Target 2) – $17.757

S1 – $17.422
S2 – $17.394
S3 (Range Support – Buy) – $17.366
S4 (Short Breakout) – $17.282
S5 (Breakout Target 1) – $17.184
S6 (Breakout Target 2) – $17.143

Copper (HG) for March delivery (1 Pound)

R1 – $2.7146
R2 – $2.7177
R3 (Range Resistance – Sell) – $2.7209
R4 (Long Breakout) – $2.7302
R5 (Breakout Target 1) – $2.7411
R6 (Breakout Target 2) – $2.7456

S1 – $2.7084
S2 – $2.7053
S3 (Range Support – Buy) – $2.7022
S4 (Short Breakout) – $2.6928
S5 (Breakout Target 1) – $2.6819
S6 (Breakout Target 2) – $2.6774

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

R1 – 1,038.5
R2 – 1,040.3
R3 (Range Resistance – Sell) – 1,042.2
R4 (Long Breakout) – 1,047.8
R5 (Breakout Target 1) – 1,054.4
R6 (Breakout Target 2) – 1,057.4

S1 – 1,034.7
S2 – 1,032.9
S3 (Range Support – Buy) – 1,031.0
S4 (Short Breakout) – 1,025.4
S5 (Breakout Target 1) – 1,018.8
S6 (Breakout Target 2) – 1,015.8

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

R1 – 369.2
R2 – 370.1
R3 (Range Resistance – Sell) – 371.1
R4 (Long Breakout) – 373.9
R5 (Breakout Target 1) – 377.3
R6 (Breakout Target 2) – 378.9

S1 – 367.2
S2 – 366.3
S3 (Range Support – Buy) – 365.3
S4 (Short Breakout) – 362.5
S5 (Breakout Target 1) – 359.1
S6 (Breakout Target 2) – 357.5

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

R1 – 435.2
R2 – 436.8
R3 (Range Resistance – Sell) – 438.4
R4 (Long Breakout) – 443.2
R5 (Breakout Target 1) – 448.8
R6 (Breakout Target 2) – 451.7

S1 – 432.0
S2 – 430.4
S3 (Range Support – Buy) – 428.8
S4 (Short Breakout) – 424.0
S5 (Breakout Target 1) – 418.4
S6 (Breakout Target 2) – 415.5

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

R1 – $3.179
R2 – $3.189
R3 (Range Resistance – Sell) – $3.200
R4 (Long Breakout) – $3.231
R5 (Breakout Target 1) – $3.268
R6 (Breakout Target 2) – $3.285

S1 – $3.157
S2 – $3.147
S3 (Range Support – Buy) – $3.136
S4 (Short Breakout) – $3.105
S5 (Breakout Target 1) – $3.068
S6 (Breakout Target 2) – $3.051

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

R1 – $54.00
R2 – $54.11
R3 (Range Resistance – Sell) – $54.23
R4 (Long Breakout) – $54.58
R5 (Breakout Target 1) – $55.00
R6 (Breakout Target 2) – $55.18

S1 – $53.76
S2 – $53.65
S3 (Range Support – Buy) – $53.53
S4 (Short Breakout) – $53.18
S5 (Breakout Target 1) – $52.77
S6 (Breakout Target 2) – $52.58