Commodity Market: Pivot Levels for Wednesday (May 31st 2017)

May 31, 2017 5:54 am

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

R1 – $17.451
R2 – $17.475
R3 (Range Resistance – Sell) – $17.499
R4 (Long Breakout) – $17.570
R5 (Breakout Target 1) – $17.654
R6 (Breakout Target 2) – $17.690

S1 – $17.403
S2 – $17.379
S3 (Range Support – Buy) – $17.356
S4 (Short Breakout) – $17.284
S5 (Breakout Target 1) – $17.200
S6 (Breakout Target 2) – $17.164

Copper (HG) for July delivery (1 Pound)

R1 – $2.5691
R2 – $2.5742
R3 (Range Resistance – Sell) – $2.5793
R4 (Long Breakout) – $2.5945
R5 (Breakout Target 1) – $2.6124
R6 (Breakout Target 2) – $2.6200

S1 – $2.5589
S2 – $2.5538
S3 (Range Support – Buy) – $2.5487
S4 (Short Breakout) – $2.5335
S5 (Breakout Target 1) – $2.5156
S6 (Breakout Target 2) – $2.5080

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

R1 – 914.3
R2 – 915.9
R3 (Range Resistance – Sell) – 917.6
R4 (Long Breakout) – 922.5
R5 (Breakout Target 1) – 928.3
R6 (Breakout Target 2) – 930.6

S1 – 911.0
S2 – 909.3
S3 (Range Support – Buy) – 907.7
S4 (Short Breakout) – 902.7
S5 (Breakout Target 1) – 896.9
S6 (Breakout Target 2) – 894.6

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

R1 – 367.7
R2 – 368.4
R3 (Range Resistance – Sell) – 369.0
R4 (Long Breakout) – 371.1
R5 (Breakout Target 1) – 373.4
R6 (Breakout Target 2) – 374.4

S1 – 366.3
S2 – 365.6
S3 (Range Support – Buy) – 365.0
S4 (Short Breakout) – 362.9
S5 (Breakout Target 1) – 360.6
S6 (Breakout Target 2) – 359.6

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

R1 – 430.6
R2 – 431.8
R3 (Range Resistance – Sell) – 433.0
R4 (Long Breakout) – 436.6
R5 (Breakout Target 1) – 440.7
R6 (Breakout Target 2) – 442.5

S1 – 428.2
S2 – 427.0
S3 (Range Support – Buy) – 425.8
S4 (Short Breakout) – 422.3
S5 (Breakout Target 1) – 418.1
S6 (Breakout Target 2) – 416.3

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

R1 – $3.155
R2 – $3.166
R3 (Range Resistance – Sell) – $3.176
R4 (Long Breakout) – $3.208
R5 (Breakout Target 1) – $3.244
R6 (Breakout Target 2) – $3.259

S1 – $3.135
S2 – $3.124
S3 (Range Support – Buy) – $3.114
S4 (Short Breakout) – $3.082
S5 (Breakout Target 1) – $3.046
S6 (Breakout Target 2) – $3.031

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

R1 – $49.77
R2 – $49.89
R3 (Range Resistance – Sell) – $50.00
R4 (Long Breakout) – $50.35
R5 (Breakout Target 1) – $50.75
R6 (Breakout Target 2) – $50.93

S1 – $49.55
S2 – $49.43
S3 (Range Support – Buy) – $49.32
S4 (Short Breakout) – $48.97
S5 (Breakout Target 1) – $48.57
S6 (Breakout Target 2) – $48.39

Where to Trade

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