Commodity Market: Pivot Levels for Thursday (March 23rd 2017)

March 23, 2017 6:51 am

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

R1 – $17.591
R2 – $17.605
R3 (Range Resistance – Sell) – $17.618
R4 (Long Breakout) – $17.658
R5 (Breakout Target 1) – $17.704
R6 (Breakout Target 2) – $17.724

S1 – $17.565
S2 – $17.551
S3 (Range Support – Buy) – $17.538
S4 (Short Breakout) – $17.498
S5 (Breakout Target 1) – $17.452
S6 (Breakout Target 2) – $17.432

Copper (HG) for May delivery (1 Pound)

R1 – $2.6355
R2 – $2.6405
R3 (Range Resistance – Sell) – $2.6455
R4 (Long Breakout) – $2.6605
R5 (Breakout Target 1) – $2.6780
R6 (Breakout Target 2) – $2.6859

S1 – $2.6255
S2 – $2.6205
S3 (Range Support – Buy) – $2.6155
S4 (Short Breakout) – $2.6005
S5 (Breakout Target 1) – $2.5830
S6 (Breakout Target 2) – $2.5751

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

R1 – 1,000.4
R2 – 1,001.3
R3 (Range Resistance – Sell) – 1,002.1
R4 (Long Breakout) – 1,004.7
R5 (Breakout Target 1) – 1,007.6
R6 (Breakout Target 2) – 1,008.9

S1 – 998.8
S2 – 997.9
S3 (Range Support – Buy) – 997.1
S4 (Short Breakout) – 994.5
S5 (Breakout Target 1) – 991.6
S6 (Breakout Target 2) – 990.3

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

R1 – 358.9
R2 – 359.2
R3 (Range Resistance – Sell) – 359.5
R4 (Long Breakout) – 360.5
R5 (Breakout Target 1) – 361.6
R6 (Breakout Target 2) – 362.0

S1 – 358.3
S2 – 358.0
S3 (Range Support – Buy) – 357.7
S4 (Short Breakout) – 356.7
S5 (Breakout Target 1) – 355.6
S6 (Breakout Target 2) – 355.2

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

R1 – 422.8
R2 – 423.3
R3 (Range Resistance – Sell) – 423.9
R4 (Long Breakout) – 425.5
R5 (Breakout Target 1) – 427.4
R6 (Breakout Target 2) – 428.2

S1 – 421.7
S2 – 421.1
S3 (Range Support – Buy) – 420.6
S4 (Short Breakout) – 418.9
S5 (Breakout Target 1) – 417.0
S6 (Breakout Target 2) – 416.2

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

R1 – $3.019
R2 – $3.027
R3 (Range Resistance – Sell) – $3.035
R4 (Long Breakout) – $3.059
R5 (Breakout Target 1) – $3.088
R6 (Breakout Target 2) – $3.099

S1 – $3.003
S2 – $2.995
S3 (Range Support – Buy) – $2.987
S4 (Short Breakout) – $2.963
S5 (Breakout Target 1) – $2.934
S6 (Breakout Target 2) – $2.923

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

R1 – $48.16
R2 – $48.28
R3 (Range Resistance – Sell) – $48.40
R4 (Long Breakout) – $48.76
R5 (Breakout Target 1) – $49.18
R6 (Breakout Target 2) – $49.38

S1 – $47.92
S2 – $47.80
S3 (Range Support – Buy) – $47.68
S4 (Short Breakout) – $47.32
S5 (Breakout Target 1) – $46.90
S6 (Breakout Target 2) – $46.70

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