Commodity Market: Pivot Levels for Thursday (May 18th 2017)

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

R1 – $16.932
R2 – $16.957
R3 (Range Resistance – Sell) – $16.983
R4 (Long Breakout) – $17.060
R5 (Breakout Target 1) – $17.150
R6 (Breakout Target 2) – $17.189

S1 – $16.880
S2 – $16.855
S3 (Range Support – Buy) – $16.829
S4 (Short Breakout) – $16.752
S5 (Breakout Target 1) – $16.662
S6 (Breakout Target 2) – $16.623

Copper (HG) for July delivery (1 Pound)

R1 – $2.5495
R2 – $2.5526
R3 (Range Resistance – Sell) – $2.5556
R4 (Long Breakout) – $2.5647
R5 (Breakout Target 1) – $2.5752
R6 (Breakout Target 2) – $2.5798

S1 – $2.5435
S2 – $2.5405
S3 (Range Support – Buy) – $2.5374
S4 (Short Breakout) – $2.5284
S5 (Breakout Target 1) – $2.5178
S6 (Breakout Target 2) – $2.5132

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

R1 – 976.2
R2 – 976.9
R3 (Range Resistance – Sell) – 977.5
R4 (Long Breakout) – 979.5
R5 (Breakout Target 1) – 981.7
R6 (Breakout Target 2) – 982.6

S1 – 975.0
S2 – 974.3
S3 (Range Support – Buy) – 973.7
S4 (Short Breakout) – 971.8
S5 (Breakout Target 1) – 969.5
S6 (Breakout Target 2) – 968.6

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

R1 – 372.0
R2 – 372.5
R3 (Range Resistance – Sell) – 373.1
R4 (Long Breakout) – 374.7
R5 (Breakout Target 1) – 376.6
R6 (Breakout Target 2) – 377.5

S1 – 370.9
S2 – 370.3
S3 (Range Support – Buy) – 369.8
S4 (Short Breakout) – 368.1
S5 (Breakout Target 1) – 366.2
S6 (Breakout Target 2) – 365.3

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

R1 – 428.0
R2 – 429.0
R3 (Range Resistance – Sell) – 430.0
R4 (Long Breakout) – 432.9
R5 (Breakout Target 1) – 436.4
R6 (Breakout Target 2) – 437.9

S1 – 426.0
S2 – 425.0
S3 (Range Support – Buy) – 424.0
S4 (Short Breakout) – 421.1
S5 (Breakout Target 1) – 417.6
S6 (Breakout Target 2) – 416.1

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

R1 – $3.202
R2 – $3.211
R3 (Range Resistance – Sell) – $3.221
R4 (Long Breakout) – $3.249
R5 (Breakout Target 1) – $3.283
R6 (Breakout Target 2) – $3.297

S1 – $3.182
S2 – $3.173
S3 (Range Support – Buy) – $3.163
S4 (Short Breakout) – $3.135
S5 (Breakout Target 1) – $3.101
S6 (Breakout Target 2) – $3.087

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

R1 – $49.20
R2 – $49.34
R3 (Range Resistance – Sell) – $49.47
R4 (Long Breakout) – $49.88
R5 (Breakout Target 1) – $50.35
R6 (Breakout Target 2) – $50.57

S1 – $48.94
S2 – $48.80
S3 (Range Support – Buy) – $48.67
S4 (Short Breakout) – $48.26
S5 (Breakout Target 1) – $47.79
S6 (Breakout Target 2) – $47.57