Commodity Market: Pivot Levels for Monday (February 20th 2017)

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

R1 – $18.041
R2 – $18.053
R3 (Range Resistance – Sell) – $18.064
R4 (Long Breakout) – $18.100
R5 (Breakout Target 1) – $18.139
R6 (Breakout Target 2) – $18.155

S1 – $18.019
S2 – $18.007
S3 (Range Support – Buy) – $17.996
S4 (Short Breakout) – $17.961
S5 (Breakout Target 1) – $17.921
S6 (Breakout Target 2) – $17.905

Copper (HG) for March delivery (1 Pound)

R1 – $2.7122
R2 – $2.7175
R3 (Range Resistance – Sell) – $2.7227
R4 (Long Breakout) – $2.7384
R5 (Breakout Target 1) – $2.7567
R6 (Breakout Target 2) – $2.7646

S1 – $2.7018
S2 – $2.6966
S3 (Range Support – Buy) – $2.6913
S4 (Short Breakout) – $2.6757
S5 (Breakout Target 1) – $2.6573
S6 (Breakout Target 2) – $2.6494

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

R1 – 1,033.8
R2 – 1,035.2
R3 (Range Resistance – Sell) – 1,036.6
R4 (Long Breakout) – 1,040.8
R5 (Breakout Target 1) – 1,045.6
R6 (Breakout Target 2) – 1,047.6

S1 – 1,031.0
S2 – 1,029.6
S3 (Range Support – Buy) – 1,028.2
S4 (Short Breakout) – 1,024.0
S5 (Breakout Target 1) – 1,019.2
S6 (Breakout Target 2) – 1,017.2

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

R1 – 368.7
R2 – 369.2
R3 (Range Resistance – Sell) – 369.6
R4 (Long Breakout) – 371.1
R5 (Breakout Target 1) – 372.7
R6 (Breakout Target 2) – 373.4

S1 – 367.7
S2 – 367.2
S3 (Range Support – Buy) – 366.8
S4 (Short Breakout) – 365.3
S5 (Breakout Target 1) – 363.7
S6 (Breakout Target 2) – 363.0

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

R1 – 441.7
R2 – 442.3
R3 (Range Resistance – Sell) – 443.0
R4 (Long Breakout) – 445.0
R5 (Breakout Target 1) – 447.3
R6 (Breakout Target 2) – 448.2

S1 – 440.3
S2 – 439.7
S3 (Range Support – Buy) – 439.0
S4 (Short Breakout) – 437.0
S5 (Breakout Target 1) – 434.7
S6 (Breakout Target 2) – 433.8

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

R1 – $2.955
R2 – $2.960
R3 (Range Resistance – Sell) – $2.964
R4 (Long Breakout) – $2.977
R5 (Breakout Target 1) – $2.992
R6 (Breakout Target 2) – $2.998

S1 – $2.947
S2 – $2.942
S3 (Range Support – Buy) – $2.938
S4 (Short Breakout) – $2.925
S5 (Breakout Target 1) – $2.910
S6 (Breakout Target 2) – $2.904

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

R1 – $53.84
R2 – $53.89
R3 (Range Resistance – Sell) – $53.95
R4 (Long Breakout) – $54.12
R5 (Breakout Target 1) – $54.32
R6 (Breakout Target 2) – $54.41

S1 – $53.72
S2 – $53.67
S3 (Range Support – Buy) – $53.61
S4 (Short Breakout) – $53.44
S5 (Breakout Target 1) – $53.24
S6 (Breakout Target 2) – $53.15