Commodity Market: Pivot Levels for Monday (March 6th 2017)

March 5, 2017 2:06 pm

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

R1 – $17.772
R2 – $17.804
R3 (Range Resistance – Sell) – $17.836
R4 (Long Breakout) – $17.933
R5 (Breakout Target 1) – $18.045
R6 (Breakout Target 2) – $18.092

S1 – $17.708
S2 – $17.676
S3 (Range Support – Buy) – $17.644
S4 (Short Breakout) – $17.548
S5 (Breakout Target 1) – $17.435
S6 (Breakout Target 2) – $17.388

Copper (HG) for May delivery (1 Pound)

R1 – $2.6996
R2 – $2.7027
R3 (Range Resistance – Sell) – $2.7059
R4 (Long Breakout) – $2.7152
R5 (Breakout Target 1) – $2.7261
R6 (Breakout Target 2) – $2.7307

S1 – $2.6934
S2 – $2.6903
S3 (Range Support – Buy) – $2.6872
S4 (Short Breakout) – $2.6778
S5 (Breakout Target 1) – $2.6669
S6 (Breakout Target 2) – $2.6623

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

R1 – 1,038.5
R2 – 1,039.7
R3 (Range Resistance – Sell) – 1,040.8
R4 (Long Breakout) – 1,044.2
R5 (Breakout Target 1) – 1,048.2
R6 (Breakout Target 2) – 1,049.9

S1 – 1,036.3
S2 – 1,035.1
S3 (Range Support – Buy) – 1,034.0
S4 (Short Breakout) – 1,030.6
S5 (Breakout Target 1) – 1,026.6
S6 (Breakout Target 2) – 1,024.9

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

R1 – 381.0
R2 – 381.4
R3 (Range Resistance – Sell) – 381.8
R4 (Long Breakout) – 382.9
R5 (Breakout Target 1) – 384.3
R6 (Breakout Target 2) – 384.8

S1 – 380.2
S2 – 379.8
S3 (Range Support – Buy) – 379.4
S4 (Short Breakout) – 378.3
S5 (Breakout Target 1) – 376.9
S6 (Breakout Target 2) – 376.4

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

R1 – 454.1
R2 – 454.8
R3 (Range Resistance – Sell) – 455.4
R4 (Long Breakout) – 457.5
R5 (Breakout Target 1) – 459.8
R6 (Breakout Target 2) – 460.9

S1 – 452.7
S2 – 452.0
S3 (Range Support – Buy) – 451.4
S4 (Short Breakout) – 449.3
S5 (Breakout Target 1) – 447.0
S6 (Breakout Target 2) – 445.9

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

R1 – $2.833
R2 – $2.839
R3 (Range Resistance – Sell) – $2.845
R4 (Long Breakout) – $2.863
R5 (Breakout Target 1) – $2.884
R6 (Breakout Target 2) – $2.893

S1 – $2.821
S2 – $2.815
S3 (Range Support – Buy) – $2.809
S4 (Short Breakout) – $2.791
S5 (Breakout Target 1) – $2.770
S6 (Breakout Target 2) – $2.761

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

R1 – $53.41
R2 – $53.48
R3 (Range Resistance – Sell) – $53.56
R4 (Long Breakout) – $53.79
R5 (Breakout Target 1) – $54.06
R6 (Breakout Target 2) – $54.18

S1 – $53.25
S2 – $53.18
S3 (Range Support – Buy) – $53.10
S4 (Short Breakout) – $52.87
S5 (Breakout Target 1) – $52.60
S6 (Breakout Target 2) – $52.48

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