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

March 20, 2017 6:50 am

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

R1 – $17.431
R2 – $17.449
R3 (Range Resistance – Sell) – $17.467
R4 (Long Breakout) – $17.520
R5 (Breakout Target 1) – $17.583
R6 (Breakout Target 2) – $17.610

S1 – $17.395
S2 – $17.377
S3 (Range Support – Buy) – $17.359
S4 (Short Breakout) – $17.306
S5 (Breakout Target 1) – $17.243
S6 (Breakout Target 2) – $17.216

Copper (HG) for May delivery (1 Pound)

R1 – $2.6950
R2 – $2.6986
R3 (Range Resistance – Sell) – $2.7021
R4 (Long Breakout) – $2.7127
R5 (Breakout Target 1) – $2.7250
R6 (Breakout Target 2) – $2.7305

S1 – $2.6880
S2 – $2.6844
S3 (Range Support – Buy) – $2.6809
S4 (Short Breakout) – $2.6703
S5 (Breakout Target 1) – $2.6580
S6 (Breakout Target 2) – $2.6525

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

R1 – 1,000.9
R2 – 1,001.9
R3 (Range Resistance – Sell) – 1,002.8
R4 (Long Breakout) – 1,005.6
R5 (Breakout Target 1) – 1,008.9
R6 (Breakout Target 2) – 1,010.3

S1 – 999.1
S2 – 998.1
S3 (Range Support – Buy) – 997.2
S4 (Short Breakout) – 994.4
S5 (Breakout Target 1) – 991.1
S6 (Breakout Target 2) – 989.7

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

R1 – 367.7
R2 – 368.0
R3 (Range Resistance – Sell) – 368.3
R4 (Long Breakout) – 369.2
R5 (Breakout Target 1) – 370.2
R6 (Breakout Target 2) – 370.6

S1 – 367.1
S2 – 366.8
S3 (Range Support – Buy) – 366.5
S4 (Short Breakout) – 365.6
S5 (Breakout Target 1) – 364.6
S6 (Breakout Target 2) – 364.2

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

R1 – 436.6
R2 – 437.0
R3 (Range Resistance – Sell) – 437.5
R4 (Long Breakout) – 438.7
R5 (Breakout Target 1) – 440.2
R6 (Breakout Target 2) – 440.8

S1 – 435.8
S2 – 435.4
S3 (Range Support – Buy) – 434.9
S4 (Short Breakout) – 433.7
S5 (Breakout Target 1) – 432.2
S6 (Breakout Target 2) – 431.6

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

R1 – $2.956
R2 – $2.963
R3 (Range Resistance – Sell) – $2.971
R4 (Long Breakout) – $2.994
R5 (Breakout Target 1) – $3.020
R6 (Breakout Target 2) – $3.033

S1 – $2.940
S2 – $2.933
S3 (Range Support – Buy) – $2.925
S4 (Short Breakout) – $2.902
S5 (Breakout Target 1) – $2.876
S6 (Breakout Target 2) – $2.863

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

R1 – $48.84
R2 – $48.89
R3 (Range Resistance – Sell) – $48.95
R4 (Long Breakout) – $49.11
R5 (Breakout Target 1) – $49.30
R6 (Breakout Target 2) – $49.38

S1 – $48.73
S2 – $48.67
S3 (Range Support – Buy) – $48.62
S4 (Short Breakout) – $48.45
S5 (Breakout Target 1) – $48.26
S6 (Breakout Target 2) – $48.18

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