Commodity Market: Pivot Levels for Thursday (April 6th 2017)

April 6, 2017 6:00 am

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

R1 – $18.204
R2 – $18.220
R3 (Range Resistance – Sell) – $18.237
R4 (Long Breakout) – $18.286
R5 (Breakout Target 1) – $18.344
R6 (Breakout Target 2) – $18.367

S1 – $18.171
S2 – $18.154
S3 (Range Support – Buy) – $18.138
S4 (Short Breakout) – $18.088
S5 (Breakout Target 1) – $18.030
S6 (Breakout Target 2) – $18.007

Copper (HG) for May delivery (1 Pound)

R1 – $2.6875
R2 – $2.6949
R3 (Range Resistance – Sell) – $2.7024
R4 (Long Breakout) – $2.7248
R5 (Breakout Target 1) – $2.7510
R6 (Breakout Target 2) – $2.7636

S1 – $2.6725
S2 – $2.6651
S3 (Range Support – Buy) – $2.6576
S4 (Short Breakout) – $2.6352
S5 (Breakout Target 1) – $2.6090
S6 (Breakout Target 2) – $2.5964

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

R1 – 945.2
R2 – 946.3
R3 (Range Resistance – Sell) – 947.3
R4 (Long Breakout) – 950.4
R5 (Breakout Target 1) – 954.0
R6 (Breakout Target 2) – 955.5

S1 – 943.2
S2 – 942.1
S3 (Range Support – Buy) – 941.1
S4 (Short Breakout) – 938.0
S5 (Breakout Target 1) – 934.4
S6 (Breakout Target 2) – 932.9

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

R1 – 365.0
R2 – 365.4
R3 (Range Resistance – Sell) – 365.8
R4 (Long Breakout) – 366.9
R5 (Breakout Target 1) – 368.3
R6 (Breakout Target 2) – 368.8

S1 – 364.2
S2 – 363.8
S3 (Range Support – Buy) – 363.4
S4 (Short Breakout) – 362.3
S5 (Breakout Target 1) – 360.9
S6 (Breakout Target 2) – 360.4

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

R1 – 430.1
R2 – 430.6
R3 (Range Resistance – Sell) – 431.1
R4 (Long Breakout) – 432.6
R5 (Breakout Target 1) – 434.3
R6 (Breakout Target 2) – 435.1

S1 – 429.1
S2 – 428.6
S3 (Range Support – Buy) – 428.1
S4 (Short Breakout) – 426.6
S5 (Breakout Target 1) – 424.9
S6 (Breakout Target 2) – 424.1

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

R1 – $3.275
R2 – $3.283
R3 (Range Resistance – Sell) – $3.292
R4 (Long Breakout) – $3.317
R5 (Breakout Target 1) – $3.347
R6 (Breakout Target 2) – $3.359

S1 – $3.257
S2 – $3.249
S3 (Range Support – Buy) – $3.240
S4 (Short Breakout) – $3.215
S5 (Breakout Target 1) – $3.185
S6 (Breakout Target 2) – $3.173

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

R1 – $51.25
R2 – $51.36
R3 (Range Resistance – Sell) – $51.46
R4 (Long Breakout) – $51.78
R5 (Breakout Target 1) – $52.14
R6 (Breakout Target 2) – $52.30

S1 – $51.05
S2 – $50.94
S3 (Range Support – Buy) – $50.84
S4 (Short Breakout) – $50.52
S5 (Breakout Target 1) – $50.16
S6 (Breakout Target 2) – $50.00

Where to Trade

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