Commodity Market: Pivot Levels for Wednesday (May 24th 2017)

May 24, 2017 8:14 am

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

R1 – $17.164
R2 – $17.189
R3 (Range Resistance – Sell) – $17.215
R4 (Long Breakout) – $17.290
R5 (Breakout Target 1) – $17.379
R6 (Breakout Target 2) – $17.416

S1 – $17.114
S2 – $17.089
S3 (Range Support – Buy) – $17.063
S4 (Short Breakout) – $16.988
S5 (Breakout Target 1) – $16.899
S6 (Breakout Target 2) – $16.862

Copper (HG) for July delivery (1 Pound)

R1 – $2.5986
R2 – $2.6011
R3 (Range Resistance – Sell) – $2.6037
R4 (Long Breakout) – $2.6114
R5 (Breakout Target 1) – $2.6204
R6 (Breakout Target 2) – $2.6242

S1 – $2.5934
S2 – $2.5909
S3 (Range Support – Buy) – $2.5883
S4 (Short Breakout) – $2.5806
S5 (Breakout Target 1) – $2.5716
S6 (Breakout Target 2) – $2.5678

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

R1 – 949.3
R2 – 950.4
R3 (Range Resistance – Sell) – 951.6
R4 (Long Breakout) – 954.9
R5 (Breakout Target 1) – 958.8
R6 (Breakout Target 2) – 960.4

S1 – 947.1
S2 – 946.0
S3 (Range Support – Buy) – 944.8
S4 (Short Breakout) – 941.5
S5 (Breakout Target 1) – 937.6
S6 (Breakout Target 2) – 936.0

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

R1 – 370.0
R2 – 370.6
R3 (Range Resistance – Sell) – 371.2
R4 (Long Breakout) – 373.0
R5 (Breakout Target 1) – 375.1
R6 (Breakout Target 2) – 376.0

S1 – 368.8
S2 – 368.2
S3 (Range Support – Buy) – 367.6
S4 (Short Breakout) – 365.8
S5 (Breakout Target 1) – 363.7
S6 (Breakout Target 2) – 362.8

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

R1 – 430.1
R2 – 430.8
R3 (Range Resistance – Sell) – 431.5
R4 (Long Breakout) – 433.6
R5 (Breakout Target 1) – 436.0
R6 (Breakout Target 2) – 437.0

S1 – 428.7
S2 – 428.0
S3 (Range Support – Buy) – 427.3
S4 (Short Breakout) – 425.2
S5 (Breakout Target 1) – 422.8
S6 (Breakout Target 2) – 421.8

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

R1 – $3.323
R2 – $3.335
R3 (Range Resistance – Sell) – $3.346
R4 (Long Breakout) – $3.380
R5 (Breakout Target 1) – $3.419
R6 (Breakout Target 2) – $3.435

S1 – $3.301
S2 – $3.289
S3 (Range Support – Buy) – $3.278
S4 (Short Breakout) – $3.244
S5 (Breakout Target 1) – $3.205
S6 (Breakout Target 2) – $3.189

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

R1 – $51.58
R2 – $51.69
R3 (Range Resistance – Sell) – $51.81
R4 (Long Breakout) – $52.14
R5 (Breakout Target 1) – $52.53
R6 (Breakout Target 2) – $52.71

S1 – $51.36
S2 – $51.25
S3 (Range Support – Buy) – $51.13
S4 (Short Breakout) – $50.80
S5 (Breakout Target 1) – $50.41
S6 (Breakout Target 2) – $50.23

Where to Trade

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