Commodity Market: Pivot Levels for Monday (May 22nd 2017)

May 22, 2017 6:08 am

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

R1 – $16.824
R2 – $16.853
R3 (Range Resistance – Sell) – $16.881
R4 (Long Breakout) – $16.967
R5 (Breakout Target 1) – $17.066
R6 (Breakout Target 2) – $17.110

S1 – $16.768
S2 – $16.739
S3 (Range Support – Buy) – $16.711
S4 (Short Breakout) – $16.626
S5 (Breakout Target 1) – $16.526
S6 (Breakout Target 2) – $16.482

Copper (HG) for July delivery (1 Pound)

R1 – $2.5872
R2 – $2.5929
R3 (Range Resistance – Sell) – $2.5986
R4 (Long Breakout) – $2.6156
R5 (Breakout Target 1) – $2.6355
R6 (Breakout Target 2) – $2.6448

S1 – $2.5758
S2 – $2.5701
S3 (Range Support – Buy) – $2.5645
S4 (Short Breakout) – $2.5474
S5 (Breakout Target 1) – $2.5275
S6 (Breakout Target 2) – $2.5182

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

R1 – 954.1
R2 – 955.2
R3 (Range Resistance – Sell) – 956.2
R4 (Long Breakout) – 959.5
R5 (Breakout Target 1) – 963.3
R6 (Breakout Target 2) – 964.9

S1 – 951.9
S2 – 950.8
S3 (Range Support – Buy) – 949.8
S4 (Short Breakout) – 946.5
S5 (Breakout Target 1) – 942.7
S6 (Breakout Target 2) – 941.1

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

R1 – 373.0
R2 – 373.7
R3 (Range Resistance – Sell) – 374.3
R4 (Long Breakout) – 376.3
R5 (Breakout Target 1) – 378.5
R6 (Breakout Target 2) – 379.5

S1 – 371.8
S2 – 371.1
S3 (Range Support – Buy) – 370.5
S4 (Short Breakout) – 368.6
S5 (Breakout Target 1) – 366.3
S6 (Breakout Target 2) – 365.3

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

R1 – 436.2
R2 – 437.3
R3 (Range Resistance – Sell) – 438.3
R4 (Long Breakout) – 441.5
R5 (Breakout Target 1) – 445.1
R6 (Breakout Target 2) – 446.9

S1 – 434.2
S2 – 433.1
S3 (Range Support – Buy) – 432.1
S4 (Short Breakout) – 428.9
S5 (Breakout Target 1) – 425.3
S6 (Breakout Target 2) – 423.5

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

R1 – $3.264
R2 – $3.272
R3 (Range Resistance – Sell) – $3.280
R4 (Long Breakout) – $3.305
R5 (Breakout Target 1) – $3.334
R6 (Breakout Target 2) – $3.347

S1 – $3.248
S2 – $3.240
S3 (Range Support – Buy) – $3.232
S4 (Short Breakout) – $3.207
S5 (Breakout Target 1) – $3.178
S6 (Breakout Target 2) – $3.165

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

R1 – $50.44
R2 – $50.56
R3 (Range Resistance – Sell) – $50.67
R4 (Long Breakout) – $51.02
R5 (Breakout Target 1) – $51.42
R6 (Breakout Target 2) – $51.61

S1 – $50.22
S2 – $50.10
S3 (Range Support – Buy) – $49.99
S4 (Short Breakout) – $49.64
S5 (Breakout Target 1) – $49.24
S6 (Breakout Target 2) – $49.05

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