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

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

R1 – $16.973
R2 – $17.023
R3 (Range Resistance – Sell) – $17.073
R4 (Long Breakout) – $17.223
R5 (Breakout Target 1) – $17.398
R6 (Breakout Target 2) – $17.471

S1 – $16.873
S2 – $16.823
S3 (Range Support – Buy) – $16.773
S4 (Short Breakout) – $16.623
S5 (Breakout Target 1) – $16.448
S6 (Breakout Target 2) – $16.375

Copper (HG) for May delivery (1 Pound)

R1 – $2.6602
R2 – $2.6638
R3 (Range Resistance – Sell) – $2.6675
R4 (Long Breakout) – $2.6785
R5 (Breakout Target 1) – $2.6913
R6 (Breakout Target 2) – $2.6968

S1 – $2.6528
S2 – $2.6492
S3 (Range Support – Buy) – $2.6455
S4 (Short Breakout) – $2.6345
S5 (Breakout Target 1) – $2.6217
S6 (Breakout Target 2) – $2.6162

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

R1 – 999.1
R2 – 1,000.3
R3 (Range Resistance – Sell) – 1,001.4
R4 (Long Breakout) – 1,004.8
R5 (Breakout Target 1) – 1,008.8
R6 (Breakout Target 2) – 1,010.4

S1 – 996.9
S2 – 995.7
S3 (Range Support – Buy) – 994.6
S4 (Short Breakout) – 991.2
S5 (Breakout Target 1) – 987.2
S6 (Breakout Target 2) – 985.6

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

R1 – 363.6
R2 – 363.9
R3 (Range Resistance – Sell) – 364.1
R4 (Long Breakout) – 364.8
R5 (Breakout Target 1) – 365.7
R6 (Breakout Target 2) – 366.0

S1 – 363.2
S2 – 362.9
S3 (Range Support – Buy) – 362.7
S4 (Short Breakout) – 362.0
S5 (Breakout Target 1) – 361.1
S6 (Breakout Target 2) – 360.8

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

R1 – 436.6
R2 – 437.2
R3 (Range Resistance – Sell) – 437.8
R4 (Long Breakout) – 439.6
R5 (Breakout Target 1) – 441.7
R6 (Breakout Target 2) – 442.7

S1 – 435.4
S2 – 434.8
S3 (Range Support – Buy) – 434.2
S4 (Short Breakout) – 432.4
S5 (Breakout Target 1) – 430.3
S6 (Breakout Target 2) – 429.3

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

R1 – $2.989
R2 – $2.996
R3 (Range Resistance – Sell) – $3.004
R4 (Long Breakout) – $3.027
R5 (Breakout Target 1) – $3.053
R6 (Breakout Target 2) – $3.066

S1 – $2.973
S2 – $2.966
S3 (Range Support – Buy) – $2.958
S4 (Short Breakout) – $2.935
S5 (Breakout Target 1) – $2.909
S6 (Breakout Target 2) – $2.896

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

R1 – $48.94
R2 – $49.02
R3 (Range Resistance – Sell) – $49.10
R4 (Long Breakout) – $49.34
R5 (Breakout Target 1) – $49.63
R6 (Breakout Target 2) – $49.75

S1 – $48.78
S2 – $48.70
S3 (Range Support – Buy) – $48.62
S4 (Short Breakout) – $48.38
S5 (Breakout Target 1) – $48.09
S6 (Breakout Target 2) – $47.97