Commodity Market: Pivot Levels for Monday (May 29th 2017)

May 29, 2017 6:10 am

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

R1 – $17.350
R2 – $17.377
R3 (Range Resistance – Sell) – $17.404
R4 (Long Breakout) – $17.485
R5 (Breakout Target 1) – $17.580
R6 (Breakout Target 2) – $17.622

S1 – $17.296
S2 – $17.269
S3 (Range Support – Buy) – $17.242
S4 (Short Breakout) – $17.161
S5 (Breakout Target 1) – $17.066
S6 (Breakout Target 2) – $17.024

Copper (HG) for July delivery (1 Pound)

R1 – $2.5708
R2 – $2.5755
R3 (Range Resistance – Sell) – $2.5803
R4 (Long Breakout) – $2.5946
R5 (Breakout Target 1) – $2.6113
R6 (Breakout Target 2) – $2.6183

S1 – $2.5612
S2 – $2.5565
S3 (Range Support – Buy) – $2.5517
S4 (Short Breakout) – $2.5374
S5 (Breakout Target 1) – $2.5207
S6 (Breakout Target 2) – $2.5137

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

R1 – 927.8
R2 – 929.3
R3 (Range Resistance – Sell) – 930.7
R4 (Long Breakout) – 935.1
R5 (Breakout Target 1) – 940.2
R6 (Breakout Target 2) – 942.2

S1 – 925.0
S2 – 923.5
S3 (Range Support – Buy) – 922.1
S4 (Short Breakout) – 917.7
S5 (Breakout Target 1) – 912.6
S6 (Breakout Target 2) – 910.6

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

R1 – 374.8
R2 – 375.3
R3 (Range Resistance – Sell) – 375.9
R4 (Long Breakout) – 377.5
R5 (Breakout Target 1) – 379.4
R6 (Breakout Target 2) – 380.3

S1 – 373.7
S2 – 373.1
S3 (Range Support – Buy) – 372.6
S4 (Short Breakout) – 370.9
S5 (Breakout Target 1) – 369.0
S6 (Breakout Target 2) – 368.1

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

R1 – 439.1
R2 – 440.0
R3 (Range Resistance – Sell) – 440.9
R4 (Long Breakout) – 443.6
R5 (Breakout Target 1) – 446.7
R6 (Breakout Target 2) – 448.2

S1 – 437.3
S2 – 436.4
S3 (Range Support – Buy) – 435.5
S4 (Short Breakout) – 432.8
S5 (Breakout Target 1) – 429.7
S6 (Breakout Target 2) – 428.2

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

R1 – $3.317
R2 – $3.324
R3 (Range Resistance – Sell) – $3.330
R4 (Long Breakout) – $3.351
R5 (Breakout Target 1) – $3.374
R6 (Breakout Target 2) – $3.385

S1 – $3.303
S2 – $3.296
S3 (Range Support – Buy) – $3.290
S4 (Short Breakout) – $3.269
S5 (Breakout Target 1) – $3.246
S6 (Breakout Target 2) – $3.235

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

R1 – $49.96
R2 – $50.12
R3 (Range Resistance – Sell) – $50.28
R4 (Long Breakout) – $50.77
R5 (Breakout Target 1) – $51.33
R6 (Breakout Target 2) – $51.62

S1 – $49.64
S2 – $49.48
S3 (Range Support – Buy) – $49.32
S4 (Short Breakout) – $48.83
S5 (Breakout Target 1) – $48.27
S6 (Breakout Target 2) – $47.98

Where to Trade

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