Commodity Market: Pivot Levels for Thursday (February 9th 2017)

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

R1 – $17.728
R2 – $17.752
R3 (Range Resistance – Sell) – $17.775
R4 (Long Breakout) – $17.845
R5 (Breakout Target 1) – $17.927
R6 (Breakout Target 2) – $17.961

S1 – $17.682
S2 – $17.658
S3 (Range Support – Buy) – $17.635
S4 (Short Breakout) – $17.565
S5 (Breakout Target 1) – $17.483
S6 (Breakout Target 2) – $17.449

Copper (HG) for March delivery (1 Pound)

R1 – $2.6719
R2 – $2.6773
R3 (Range Resistance – Sell) – $2.6827
R4 (Long Breakout) – $2.6990
R5 (Breakout Target 1) – $2.7179
R6 (Breakout Target 2) – $2.7263

S1 – $2.6611
S2 – $2.6557
S3 (Range Support – Buy) – $2.6503
S4 (Short Breakout) – $2.6341
S5 (Breakout Target 1) – $2.6151
S6 (Breakout Target 2) – $2.6067

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

R1 – 1,060.4
R2 – 1,062.2
R3 (Range Resistance – Sell) – 1,064.0
R4 (Long Breakout) – 1,069.4
R5 (Breakout Target 1) – 1,075.7
R6 (Breakout Target 2) – 1,078.6

S1 – 1,056.8
S2 – 1,055.0
S3 (Range Support – Buy) – 1,053.2
S4 (Short Breakout) – 1,047.8
S5 (Breakout Target 1) – 1,041.5
S6 (Breakout Target 2) – 1,038.6

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

R1 – 371.0
R2 – 371.4
R3 (Range Resistance – Sell) – 371.9
R4 (Long Breakout) – 373.1
R5 (Breakout Target 1) – 374.6
R6 (Breakout Target 2) – 375.3

S1 – 370.2
S2 – 369.8
S3 (Range Support – Buy) – 369.3
S4 (Short Breakout) – 368.1
S5 (Breakout Target 1) – 366.6
S6 (Breakout Target 2) – 365.9

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

R1 – 432.9
R2 – 433.5
R3 (Range Resistance – Sell) – 434.0
R4 (Long Breakout) – 435.6
R5 (Breakout Target 1) – 437.5
R6 (Breakout Target 2) – 438.3

S1 – 431.9
S2 – 431.3
S3 (Range Support – Buy) – 430.8
S4 (Short Breakout) – 429.2
S5 (Breakout Target 1) – 427.3
S6 (Breakout Target 2) – 426.5

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

R1 – $3.136
R2 – $3.145
R3 (Range Resistance – Sell) – $3.155
R4 (Long Breakout) – $3.183
R5 (Breakout Target 1) – $3.217
R6 (Breakout Target 2) – $3.232

S1 – $3.116
S2 – $3.107
S3 (Range Support – Buy) – $3.097
S4 (Short Breakout) – $3.069
S5 (Breakout Target 1) – $3.035
S6 (Breakout Target 2) – $3.020

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

R1 – $52.47
R2 – $52.61
R3 (Range Resistance – Sell) – $52.74
R4 (Long Breakout) – $53.14
R5 (Breakout Target 1) – $53.60
R6 (Breakout Target 2) – $53.82

S1 – $52.21
S2 – $52.07
S3 (Range Support – Buy) – $51.94
S4 (Short Breakout) – $51.54
S5 (Breakout Target 1) – $51.08
S6 (Breakout Target 2) – $50.86