Commodity Market: Pivot Levels for Wednesday (May 3rd 2017)

May 3, 2017 7:08 am

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

R1 – $16.851
R2 – $16.870
R3 (Range Resistance – Sell) – $16.890
R4 (Long Breakout) – $16.949
R5 (Breakout Target 1) – $17.018
R6 (Breakout Target 2) – $17.046

S1 – $16.811
S2 – $16.792
S3 (Range Support – Buy) – $16.772
S4 (Short Breakout) – $16.713
S5 (Breakout Target 1) – $16.644
S6 (Breakout Target 2) – $16.616

Copper (HG) for July delivery (1 Pound)

R1 – $2.6393
R2 – $2.6430
R3 (Range Resistance – Sell) – $2.6468
R4 (Long Breakout) – $2.6581
R5 (Breakout Target 1) – $2.6712
R6 (Breakout Target 2) – $2.6767

S1 – $2.6317
S2 – $2.6280
S3 (Range Support – Buy) – $2.6242
S4 (Short Breakout) – $2.6130
S5 (Breakout Target 1) – $2.5998
S6 (Breakout Target 2) – $2.5943

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

R1 – 969.8
R2 – 971.0
R3 (Range Resistance – Sell) – 972.2
R4 (Long Breakout) – 975.9
R5 (Breakout Target 1) – 980.1
R6 (Breakout Target 2) – 981.8

S1 – 967.4
S2 – 966.2
S3 (Range Support – Buy) – 965.0
S4 (Short Breakout) – 961.3
S5 (Breakout Target 1) – 957.1
S6 (Breakout Target 2) – 955.4

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

R1 – 372.9
R2 – 373.7
R3 (Range Resistance – Sell) – 374.4
R4 (Long Breakout) – 376.6
R5 (Breakout Target 1) – 379.2
R6 (Breakout Target 2) – 380.2

S1 – 371.5
S2 – 370.7
S3 (Range Support – Buy) – 370.0
S4 (Short Breakout) – 367.8
S5 (Breakout Target 1) – 365.2
S6 (Breakout Target 2) – 364.2

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

R1 – 455.2
R2 – 456.4
R3 (Range Resistance – Sell) – 457.6
R4 (Long Breakout) – 461.3
R5 (Breakout Target 1) – 465.5
R6 (Breakout Target 2) – 467.4

S1 – 452.8
S2 – 451.6
S3 (Range Support – Buy) – 450.4
S4 (Short Breakout) – 446.7
S5 (Breakout Target 1) – 442.5
S6 (Breakout Target 2) – 440.6

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

R1 – $3.204
R2 – $3.212
R3 (Range Resistance – Sell) – $3.221
R4 (Long Breakout) – $3.247
R5 (Breakout Target 1) – $3.278
R6 (Breakout Target 2) – $3.291

S1 – $3.186
S2 – $3.178
S3 (Range Support – Buy) – $3.169
S4 (Short Breakout) – $3.143
S5 (Breakout Target 1) – $3.112
S6 (Breakout Target 2) – $3.099

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

R1 – $47.84
R2 – $48.01
R3 (Range Resistance – Sell) – $48.19
R4 (Long Breakout) – $48.72
R5 (Breakout Target 1) – $49.34
R6 (Breakout Target 2) – $49.60

S1 – $47.48
S2 – $47.31
S3 (Range Support – Buy) – $47.13
S4 (Short Breakout) – $46.60
S5 (Breakout Target 1) – $45.98
S6 (Breakout Target 2) – $45.72

Where to Trade

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