Commodity Market: Pivot Levels for Thursday (June 8th 2017)

June 8, 2017 5:48 am

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

R1 – $17.640
R2 – $17.660
R3 (Range Resistance – Sell) – $17.681
R4 (Long Breakout) – $17.741
R5 (Breakout Target 1) – $17.812
R6 (Breakout Target 2) – $18.841

S1 – $17.600
S2 – $17.580
S3 (Range Support – Buy) – $17.560
S4 (Short Breakout) – $17.499
S5 (Breakout Target 1) – $17.428
S6 (Breakout Target 2) – $17.399

Copper (HG) for July delivery (1 Pound)

R1 – $2.5538
R2 – $2.5562
R3 (Range Resistance – Sell) – $2.5585
R4 (Long Breakout) – $2.5655
R5 (Breakout Target 1) – $2.5737
R6 (Breakout Target 2) – $2.5772

S1 – $2.5492
S2 – $2.5468
S3 (Range Support – Buy) – $2.5445
S4 (Short Breakout) – $2.5375
S5 (Breakout Target 1) – $2.5293
S6 (Breakout Target 2) – $2.5258

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

R1 – 931.5
R2 – 932.4
R3 (Range Resistance – Sell) – 933.4
R4 (Long Breakout) – 936.1
R5 (Breakout Target 1) – 939.3
R6 (Breakout Target 2) – 940.7

S1 – 929.7
S2 – 928.8
S3 (Range Support – Buy) – 927.9
S4 (Short Breakout) – 925.1
S5 (Breakout Target 1) – 921.9
S6 (Breakout Target 2) – 920.5

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

R1 – 385.4
R2 – 386.2
R3 (Range Resistance – Sell) – 387.0
R4 (Long Breakout) – 389.4
R5 (Breakout Target 1) – 392.3
R6 (Breakout Target 2) – 393.5

S1 – 383.8
S2 – 383.0
S3 (Range Support – Buy) – 382.2
S4 (Short Breakout) – 379.8
S5 (Breakout Target 1) – 376.9
S6 (Breakout Target 2) – 375.7

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

R1 – 445.6
R2 – 446.7
R3 (Range Resistance – Sell) – 447.7
R4 (Long Breakout) – 450.8
R5 (Breakout Target 1) – 454.4
R6 (Breakout Target 2) – 456.0

S1 – 443.6
S2 – 442.5
S3 (Range Support – Buy) – 441.5
S4 (Short Breakout) – 438.4
S5 (Breakout Target 1) – 434.8
S6 (Breakout Target 2) – 433.2

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

R1 – $3.028
R2 – $3.036
R3 (Range Resistance – Sell) – $3.043
R4 (Long Breakout) – $3.067
R5 (Breakout Target 1) – $3.094
R6 (Breakout Target 2) – $3.105

S1 – $3.012
S2 – $3.004
S3 (Range Support – Buy) – $2.997
S4 (Short Breakout) – $2.973
S5 (Breakout Target 1) – $2.946
S6 (Breakout Target 2) – $2.935

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

R1 – $45.96
R2 – $46.19
R3 (Range Resistance – Sell) – $46.43
R4 (Long Breakout) – $47.14
R5 (Breakout Target 1) – $47.97
R6 (Breakout Target 2) – $48.30

S1 – $45.48
S2 – $45.25
S3 (Range Support – Buy) – $45.01
S4 (Short Breakout) – $44.30
S5 (Breakout Target 1) – $43.47
S6 (Breakout Target 2) – $43.14

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