Commodity Market: Pivot Levels for Monday (June 5th 2017)

June 5, 2017 7:28 am

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

R1 – $17.568
R2 – $17.610
R3 (Range Resistance – Sell) – $17.653
R4 (Long Breakout) – $17.781
R5 (Breakout Target 1) – $17.930
R6 (Breakout Target 2) – $18.001

S1 – $17.482
S2 – $17.440
S3 (Range Support – Buy) – $17.397
S4 (Short Breakout) – $17.269
S5 (Breakout Target 1) – $17.120
S6 (Breakout Target 2) – $17.049

Copper (HG) for July delivery (1 Pound)

R1 – $2.5799
R2 – $2.5853
R3 (Range Resistance – Sell) – $2.5907
R4 (Long Breakout) – $2.6070
R5 (Breakout Target 1) – $2.6259
R6 (Breakout Target 2) – $2.6346

S1 – $2.5691
S2 – $2.5637
S3 (Range Support – Buy) – $2.5583
S4 (Short Breakout) – $2.5421
S5 (Breakout Target 1) – $2.5231
S6 (Breakout Target 2) – $2.5144

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

R1 – 922.4
R2 – 923.7
R3 (Range Resistance – Sell) – 924.9
R4 (Long Breakout) – 928.6
R5 (Breakout Target 1) – 932.9
R6 (Breakout Target 2) – 934.8

S1 – 920.0
S2 – 918.7
S3 (Range Support – Buy) – 917.5
S4 (Short Breakout) – 913.8
S5 (Breakout Target 1) – 909.5
S6 (Breakout Target 2) – 907.6

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

R1 – 373.1
R2 – 373.6
R3 (Range Resistance – Sell) – 374.0
R4 (Long Breakout) – 375.5
R5 (Breakout Target 1) – 377.1
R6 (Breakout Target 2) – 377.8

S1 – 372.1
S2 – 371.6
S3 (Range Support – Buy) – 371.2
S4 (Short Breakout) – 369.7
S5 (Breakout Target 1) – 368.1
S6 (Breakout Target 2) – 367.4

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) – 437.1

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) – 421.7

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

R1 – $3.005
R2 – $3.010
R3 (Range Resistance – Sell) – $3.016
R4 (Long Breakout) – $3.033
R5 (Breakout Target 1) – $3.053
R6 (Breakout Target 2) – $3.061

S1 – $2.993
S2 – $2.988
S3 (Range Support – Buy) – $2.982
S4 (Short Breakout) – $2.965
S5 (Breakout Target 1) – $2.945
S6 (Breakout Target 2) – $2.937

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

R1 – $47.79
R2 – $47.93
R3 (Range Resistance – Sell) – $48.06
R4 (Long Breakout) – $48.46
R5 (Breakout Target 1) – $48.92
R6 (Breakout Target 2) – $49.14

S1 – $47.53
S2 – $47.39
S3 (Range Support – Buy) – $47.26
S4 (Short Breakout) – $46.86
S5 (Breakout Target 1) – $46.40
S6 (Breakout Target 2) – $46.18

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