Commodity Market: Pivot Levels for Monday (May 8th 2017)

May 8, 2017 8:56 am

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

R1 – $16.302
R2 – $16.329
R3 (Range Resistance – Sell) – $16.357
R4 (Long Breakout) – $16.439
R5 (Breakout Target 1) – $16.535
R6 (Breakout Target 2) – $16.575

S1 – $16.247
S2 – $16.219
S3 (Range Support – Buy) – $16.192
S4 (Short Breakout) – $16.109
S5 (Breakout Target 1) – $16.013
S6 (Breakout Target 2) – $15.973

Copper (HG) for July delivery (1 Pound)

R1 – $2.5318
R2 – $2.5351
R3 (Range Resistance – Sell) – $2.5384
R4 (Long Breakout) – $2.5483
R5 (Breakout Target 1) – $2.5599
R6 (Breakout Target 2) – $2.5649

S1 – $2.5252
S2 – $2.5219
S3 (Range Support – Buy) – $2.5186
S4 (Short Breakout) – $2.5087
S5 (Breakout Target 1) – $2.4971
S6 (Breakout Target 2) – $2.4921

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

R1 – 974.4
R2 – 975.8
R3 (Range Resistance – Sell) – 977.2
R4 (Long Breakout) – 981.5
R5 (Breakout Target 1) – 986.4
R6 (Breakout Target 2) – 988.5

S1 – 971.6
S2 – 970.2
S3 (Range Support – Buy) – 968.8
S4 (Short Breakout) – 964.5
S5 (Breakout Target 1) – 959.6
S6 (Breakout Target 2) – 957.5

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

R1 – 371.2
R2 – 371.9
R3 (Range Resistance – Sell) – 372.5
R4 (Long Breakout) – 374.5
R5 (Breakout Target 1) – 376.7
R6 (Breakout Target 2) – 377.7

S1 – 370.0
S2 – 369.3
S3 (Range Support – Buy) – 368.7
S4 (Short Breakout) – 366.8
S5 (Breakout Target 1) – 364.5
S6 (Breakout Target 2) – 363.5

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

R1 – 442.9
R2 – 443.7
R3 (Range Resistance – Sell) – 444.4
R4 (Long Breakout) – 446.6
R5 (Breakout Target 1) – 449.2
R6 (Breakout Target 2) – 450.3

S1 – 441.5
S2 – 440.7
S3 (Range Support – Buy) – 440.0
S4 (Short Breakout) – 437.8
S5 (Breakout Target 1) – 435.2
S6 (Breakout Target 2) – 434.1

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

R1 – $3.275
R2 – $3.284
R3 (Range Resistance – Sell) – $3.293
R4 (Long Breakout) – $3.320
R5 (Breakout Target 1) – $3.352
R6 (Breakout Target 2) – $3.368

S1 – $3.257
S2 – $3.248
S3 (Range Support – Buy) – $3.239
S4 (Short Breakout) – $3.212
S5 (Breakout Target 1) – $3.180
S6 (Breakout Target 2) – $3.164

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

R1 – $46.49
R2 – $46.76
R3 (Range Resistance – Sell) – $47.02
R4 (Long Breakout) – $47.83
R5 (Breakout Target 1) – $48.76
R6 (Breakout Target 2) – $49.30

S1 – $45.95
S2 – $45.68
S3 (Range Support – Buy) – $45.42
S4 (Short Breakout) – $44.61
S5 (Breakout Target 1) – $43.68
S6 (Breakout Target 2) – $43.14

Where to Trade

BinaryTribune is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action, Binary Options and Social Trading.

Related