Commodity Market: Pivot Levels for Monday (May 15th 2017)

May 15, 2017 5:53 am

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

R1 – $16.418
R2 – $16.434
R3 (Range Resistance – Sell) – $16.450
R4 (Long Breakout) – $16.498
R5 (Breakout Target 1) – $16.554
R6 (Breakout Target 2) – $16.578

S1 – $16.386
S2 – $16.370
S3 (Range Support – Buy) – $16.354
S4 (Short Breakout) – $16.306
S5 (Breakout Target 1) – $16.250
S6 (Breakout Target 2) – $16.226

Copper (HG) for July delivery (1 Pound)

R1 – $2.5263
R2 – $2.5287
R3 (Range Resistance – Sell) – $2.5310
R4 (Long Breakout) – $2.5380
R5 (Breakout Target 1) – $2.5462
R6 (Breakout Target 2) – $2.5497

S1 – $2.5217
S2 – $2.5193
S3 (Range Support – Buy) – $2.5170
S4 (Short Breakout) – $2.5100
S5 (Breakout Target 1) – $2.5018
S6 (Breakout Target 2) – $2.4983

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

R1 – 963.7
R2 – 964.3
R3 (Range Resistance – Sell) – 965.0
R4 (Long Breakout) – 967.0
R5 (Breakout Target 1) – 969.3
R6 (Breakout Target 2) – 970.2

S1 – 962.3
S2 – 961.7
S3 (Range Support – Buy) – 961.0
S4 (Short Breakout) – 959.0
S5 (Breakout Target 1) – 956.7
S6 (Breakout Target 2) – 955.8

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

R1 – 371.3
R2 – 371.6
R3 (Range Resistance – Sell) – 371.9
R4 (Long Breakout) – 372.9
R5 (Breakout Target 1) – 374.0
R6 (Breakout Target 2) – 374.4

S1 – 370.7
S2 – 370.4
S3 (Range Support – Buy) – 370.1
S4 (Short Breakout) – 369.1
S5 (Breakout Target 1) – 368.0
S6 (Breakout Target 2) – 367.6

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

R1 – 433.2
R2 – 433.8
R3 (Range Resistance – Sell) – 434.4
R4 (Long Breakout) – 436.1
R5 (Breakout Target 1) – 438.2
R6 (Breakout Target 2) – 439.0

S1 – 432.0
S2 – 431.4
S3 (Range Support – Buy) – 430.8
S4 (Short Breakout) – 429.1
S5 (Breakout Target 1) – 427.0
S6 (Breakout Target 2) – 426.2

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

R1 – $3.431
R2 – $3.439
R3 (Range Resistance – Sell) – $3.446
R4 (Long Breakout) – $3.469
R5 (Breakout Target 1) – $3.495
R6 (Breakout Target 2) – $3.507

S1 – $3.417
S2 – $3.409
S3 (Range Support – Buy) – $3.402
S4 (Short Breakout) – $3.379
S5 (Breakout Target 1) – $3.353
S6 (Breakout Target 2) – $3.341

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

R1 – $47.91
R2 – $47.97
R3 (Range Resistance – Sell) – $48.04
R4 (Long Breakout) – $48.24
R5 (Breakout Target 1) – $48.47
R6 (Breakout Target 2) – $48.57

S1 – $47.77
S2 – $47.71
S3 (Range Support – Buy) – $47.64
S4 (Short Breakout) – $47.44
S5 (Breakout Target 1) – $47.21
S6 (Breakout Target 2) – $47.11

Where to Trade

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