Commodity Market: Pivot Levels for Thursday (May 11th 2017)

May 11, 2017 6:15 am

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

R1 – $16.225
R2 – $16.244
R3 (Range Resistance – Sell) – $16.262
R4 (Long Breakout) – $16.317
R5 (Breakout Target 1) – $16.381
R6 (Breakout Target 2) – $16.408

S1 – $16.189
S2 – $16.170
S3 (Range Support – Buy) – $16.152
S4 (Short Breakout) – $16.097
S5 (Breakout Target 1) – $16.033
S6 (Breakout Target 2) – $16.006

Copper (HG) for July delivery (1 Pound)

R1 – $2.4970
R2 – $2.4995
R3 (Range Resistance – Sell) – $2.5021
R4 (Long Breakout) – $2.5096
R5 (Breakout Target 1) – $2.5185
R6 (Breakout Target 2) – $2.5221

S1 – $2.4920
S2 – $2.4895
S3 (Range Support – Buy) – $2.4869
S4 (Short Breakout) – $2.4794
S5 (Breakout Target 1) – $2.4705
S6 (Breakout Target 2) – $2.4669

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

R1 – 972.3
R2 – 974.3
R3 (Range Resistance – Sell) – 976.4
R4 (Long Breakout) – 982.5
R5 (Breakout Target 1) – 989.7
R6 (Breakout Target 2) – 992.7

S1 – 968.1
S2 – 966.1
S3 (Range Support – Buy) – 964.0
S4 (Short Breakout) – 957.9
S5 (Breakout Target 1) – 950.7
S6 (Breakout Target 2) – 947.7

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

R1 – 374.3
R2 – 375.1
R3 (Range Resistance – Sell) – 375.8
R4 (Long Breakout) – 378.0
R5 (Breakout Target 1) – 380.6
R6 (Breakout Target 2) – 381.8

S1 – 372.9
S2 – 372.1
S3 (Range Support – Buy) – 371.4
S4 (Short Breakout) – 369.2
S5 (Breakout Target 1) – 366.6
S6 (Breakout Target 2) – 365.4

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

R1 – 432.5
R2 – 433.4
R3 (Range Resistance – Sell) – 434.2
R4 (Long Breakout) – 436.9
R5 (Breakout Target 1) – 440.0
R6 (Breakout Target 2) – 441.3

S1 – 430.7
S2 – 429.8
S3 (Range Support – Buy) – 429.0
S4 (Short Breakout) – 426.3
S5 (Breakout Target 1) – 423.2
S6 (Breakout Target 2) – 421.9

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

R1 – $3.305
R2 – $3.319
R3 (Range Resistance – Sell) – $3.332
R4 (Long Breakout) – $3.373
R5 (Breakout Target 1) – $3.420
R6 (Breakout Target 2) – $3.443

S1 – $3.279
S2 – $3.265
S3 (Range Support – Buy) – $3.252
S4 (Short Breakout) – $3.211
S5 (Breakout Target 1) – $3.164
S6 (Breakout Target 2) – $3.141

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

R1 – $47.49
R2 – $47.65
R3 (Range Resistance – Sell) – $47.82
R4 (Long Breakout) – $48.30
R5 (Breakout Target 1) – $48.87
R6 (Breakout Target 2) – $49.15

S1 – $47.17
S2 – $47.01
S3 (Range Support – Buy) – $46.84
S4 (Short Breakout) – $46.36
S5 (Breakout Target 1) – $45.79
S6 (Breakout Target 2) – $45.51

Where to Trade

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