Commodity Market: Pivot Levels for Monday (March 13th 2017)

March 13, 2017 7:00 am

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

R1 – $16.946
R2 – $16.969
R3 (Range Resistance – Sell) – $16.992
R4 (Long Breakout) – $17.061
R5 (Breakout Target 1) – $17.141
R6 (Breakout Target 2) – $17.174

S1 – $16.900
S2 – $16.877
S3 (Range Support – Buy) – $16.854
S4 (Short Breakout) – $16.786
S5 (Breakout Target 1) – $16.705
S6 (Breakout Target 2) – $16.672

Copper (HG) for May delivery (1 Pound)

R1 – $2.5989
R2 – $2.6028
R3 (Range Resistance – Sell) – $2.6067
R4 (Long Breakout) – $2.6184
R5 (Breakout Target 1) – $2.6320
R6 (Breakout Target 2) – $2.6379

S1 – $2.5911
S2 – $2.5872
S3 (Range Support – Buy) – $2.5833
S4 (Short Breakout) – $2.5716
S5 (Breakout Target 1) – $2.5580
S6 (Breakout Target 2) – $2.5521

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

R1 – 1,007.3
R2 – 1,008.2
R3 (Range Resistance – Sell) – 1,009.0
R4 (Long Breakout) – 1,011.7
R5 (Breakout Target 1) – 1,014.8
R6 (Breakout Target 2) – 1,016.0

S1 – 1,005.5
S2 – 1,004.6
S3 (Range Support – Buy) – 1,003.8
S4 (Short Breakout) – 1,001.1
S5 (Breakout Target 1) – 998.0
S6 (Breakout Target 2) – 996.8

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

R1 – 364.7
R2 – 365.2
R3 (Range Resistance – Sell) – 365.6
R4 (Long Breakout) – 367.1
R5 (Breakout Target 1) – 368.7
R6 (Breakout Target 2) – 369.4

S1 – 363.7
S2 – 363.2
S3 (Range Support – Buy) – 362.8
S4 (Short Breakout) – 361.3
S5 (Breakout Target 1) – 359.7
S6 (Breakout Target 2) – 359.0

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

R1 – 441.0
R2 – 441.7
R3 (Range Resistance – Sell) – 442.3
R4 (Long Breakout) – 444.3
R5 (Breakout Target 1) – 446.5
R6 (Breakout Target 2) – 447.4

S1 – 439.8
S2 – 439.1
S3 (Range Support – Buy) – 438.5
S4 (Short Breakout) – 436.6
S5 (Breakout Target 1) – 434.3
S6 (Breakout Target 2) – 433.4

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

R1 – $3.015
R2 – $3.022
R3 (Range Resistance – Sell) – $3.029
R4 (Long Breakout) – $3.050
R5 (Breakout Target 1) – $3.075
R6 (Breakout Target 2) – $3.086

S1 – $3.001
S2 – $2.994
S3 (Range Support – Buy) – $2.987
S4 (Short Breakout) – $2.966
S5 (Breakout Target 1) – $2.941
S6 (Breakout Target 2) – $2.930

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

R1 – $48.66
R2 – $48.82
R3 (Range Resistance – Sell) – $48.99
R4 (Long Breakout) – $49.48
R5 (Breakout Target 1) – $50.06
R6 (Breakout Target 2) – $50.30

S1 – $48.33
S2 – $48.16
S3 (Range Support – Buy) – $48.00
S4 (Short Breakout) – $47.50
S5 (Breakout Target 1) – $46.92
S6 (Breakout Target 2) – $46.68

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