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Commodity Market: Pivot Levels for Thursday (February 16th 2017)

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

R1 – $17.985
R2 – $18.006
R3 (Range Resistance – Sell) – $18.028
R4 (Long Breakout) – $18.092
R5 (Breakout Target 1) – $18.168
R6 (Breakout Target 2) – $18.201

S1 – $17.941
S2 – $17.920
S3 (Range Support – Buy) – $17.898
S4 (Short Breakout) – $17.834
S5 (Breakout Target 1) – $17.758
S6 (Breakout Target 2) – $17.725

Copper (HG) for March delivery (1 Pound)

R1 – $2.7439
R2 – $2.7473
R3 (Range Resistance – Sell) – $2.7507
R4 (Long Breakout) – $2.7609
R5 (Breakout Target 1) – $2.7727
R6 (Breakout Target 2) – $2.7778

S1 – $2.7371
S2 – $2.7337
S3 (Range Support – Buy) – $2.7303
S4 (Short Breakout) – $2.7202
S5 (Breakout Target 1) – $2.7083
S6 (Breakout Target 2) – $2.7032

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

R1 – 1,063.1
R2 – 1,065.1
R3 (Range Resistance – Sell) – 1,067.0
R4 (Long Breakout) – 1,072.9
R5 (Breakout Target 1) – 1,079.7
R6 (Breakout Target 2) – 1,082.8

S1 – 1,059.3
S2 – 1,057.3
S3 (Range Support – Buy) – 1,055.4
S4 (Short Breakout) – 1,049.5
S5 (Breakout Target 1) – 1,042.7
S6 (Breakout Target 2) – 1,039.6

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

R1 – 379.3
R2 – 380.0
R3 (Range Resistance – Sell) – 380.6
R4 (Long Breakout) – 382.7
R5 (Breakout Target 1) – 385.0
R6 (Breakout Target 2) – 386.1

S1 – 377.9
S2 – 377.2
S3 (Range Support – Buy) – 376.6
S4 (Short Breakout) – 374.5
S5 (Breakout Target 1) – 372.2
S6 (Breakout Target 2) – 371.1

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

R1 – 455.4
R2 – 456.3
R3 (Range Resistance – Sell) – 457.1
R4 (Long Breakout) – 459.7
R5 (Breakout Target 1) – 462.6
R6 (Breakout Target 2) – 464.0

S1 – 453.8
S2 – 452.9
S3 (Range Support – Buy) – 452.1
S4 (Short Breakout) – 449.5
S5 (Breakout Target 1) – 446.6
S6 (Breakout Target 2) – 445.2

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

R1 – $2.932
R2 – $2.940
R3 (Range Resistance – Sell) – $2.947
R4 (Long Breakout) – $2.970
R5 (Breakout Target 1) – $2.996
R6 (Breakout Target 2) – $3.006

S1 – $2.918
S2 – $2.910
S3 (Range Support – Buy) – $2.903
S4 (Short Breakout) – $2.880
S5 (Breakout Target 1) – $2.854
S6 (Breakout Target 2) – $2.844

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

R1 – $53.18
R2 – $53.25
R3 (Range Resistance – Sell) – $53.32
R4 (Long Breakout) – $53.54
R5 (Breakout Target 1) – $53.79
R6 (Breakout Target 2) – $53.90

S1 – $53.04
S2 – $52.97
S3 (Range Support – Buy) – $52.90
S4 (Short Breakout) – $52.68
S5 (Breakout Target 1) – $52.43
S6 (Breakout Target 2) – $52.32

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