Commodity Market: Pivot Levels for Friday (March 10th 2017)

March 10, 2017 7:03 am

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

R1 – $17.069
R2 – $17.101
R3 (Range Resistance – Sell) – $17.134
R4 (Long Breakout) – $17.231
R5 (Breakout Target 1) – $17.345
R6 (Breakout Target 2) – $17.393

S1 – $17.003
S2 – $16.971
S3 (Range Support – Buy) – $16.938
S4 (Short Breakout) – $16.841
S5 (Breakout Target 1) – $16.727
S6 (Breakout Target 2) – $16.679

Copper (HG) for May delivery (1 Pound)

R1 – $2.5838
R2 – $2.5876
R3 (Range Resistance – Sell) – $2.5914
R4 (Long Breakout) – $2.6028
R5 (Breakout Target 1) – $2.6162
R6 (Breakout Target 2) – $2.6218

S1 – $2.5762
S2 – $2.5724
S3 (Range Support – Buy) – $2.5686
S4 (Short Breakout) – $2.5572
S5 (Breakout Target 1) – $2.5438
S6 (Breakout Target 2) – $2.5382

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

R1 – 1,012.5
R2 – 1,014.0
R3 (Range Resistance – Sell) – 1,015.5
R4 (Long Breakout) – 1,020.0
R5 (Breakout Target 1) – 1,025.3
R6 (Breakout Target 2) – 1,027.5

S1 – 1,009.5
S2 – 1,008.0
S3 (Range Support – Buy) – 1,006.5
S4 (Short Breakout) – 1,002.0
S5 (Breakout Target 1) – 996.7
S6 (Breakout Target 2) – 994.5

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

R1 – 367.7
R2 – 368.5
R3 (Range Resistance – Sell) – 369.2
R4 (Long Breakout) – 371.4
R5 (Breakout Target 1) – 374.0
R6 (Breakout Target 2) – 375.0

S1 – 366.3
S2 – 365.5
S3 (Range Support – Buy) – 364.8
S4 (Short Breakout) – 362.6
S5 (Breakout Target 1) – 360.0
S6 (Breakout Target 2) – 359.0

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

R1 – 444.8
R2 – 445.5
R3 (Range Resistance – Sell) – 446.3
R4 (Long Breakout) – 448.6
R5 (Breakout Target 1) – 451.3
R6 (Breakout Target 2) – 452.4

S1 – 443.2
S2 – 442.5
S3 (Range Support – Buy) – 441.7
S4 (Short Breakout) – 439.4
S5 (Breakout Target 1) – 436.7
S6 (Breakout Target 2) – 435.6

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

R1 – $2.983
R2 – $2.993
R3 (Range Resistance – Sell) – $3.002
R4 (Long Breakout) – $3.030
R5 (Breakout Target 1) – $3.062
R6 (Breakout Target 2) – $3.078

S1 – $2.965
S2 – $2.955
S3 (Range Support – Buy) – $2.946
S4 (Short Breakout) – $2.918
S5 (Breakout Target 1) – $2.886
S6 (Breakout Target 2) – $2.870

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

R1 – $49.49
R2 – $49.69
R3 (Range Resistance – Sell) – $49.90
R4 (Long Breakout) – $50.52
R5 (Breakout Target 1) – $51.24
R6 (Breakout Target 2) – $51.56

S1 – $49.07
S2 – $48.87
S3 (Range Support – Buy) – $48.66
S4 (Short Breakout) – $48.04
S5 (Breakout Target 1) – $47.32
S6 (Breakout Target 2) – $47.00

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