Commodity Market: Pivot Levels for Thursday (June 22nd 2017)

June 22, 2017 6:22 am

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

R1 – $16.391
R2 – $16.407
R3 (Range Resistance – Sell) – $16.424
R4 (Long Breakout) – $16.473
R5 (Breakout Target 1) – $16.531
R6 (Breakout Target 2) – $16.555

S1 – $16.358
S2 – $16.341
S3 (Range Support – Buy) – $16.325
S4 (Short Breakout) – $16.275
S5 (Breakout Target 1) – $16.217
S6 (Breakout Target 2) – $16.193

Copper (HG) for July delivery (1 Pound)

R1 – $2.6084
R2 – $2.6147
R3 (Range Resistance – Sell) – $2.6211
R4 (Long Breakout) – $2.6402
R5 (Breakout Target 1) – $2.6625
R6 (Breakout Target 2) – $2.6732

S1 – $2.5956
S2 – $2.5893
S3 (Range Support – Buy) – $2.5829
S4 (Short Breakout) – $2.5638
S5 (Breakout Target 1) – $2.5415
S6 (Breakout Target 2) – $2.5308

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

R1 – 920.0
R2 – 921.4
R3 (Range Resistance – Sell) – 922.8
R4 (Long Breakout) – 927.1
R5 (Breakout Target 1) – 932.0
R6 (Breakout Target 2) – 934.0

S1 – 917.2
S2 – 915.8
S3 (Range Support – Buy) – 914.4
S4 (Short Breakout) – 910.1
S5 (Breakout Target 1) – 905.2
S6 (Breakout Target 2) – 903.2

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

R1 – 369.1
R2 – 369.6
R3 (Range Resistance – Sell) – 370.0
R4 (Long Breakout) – 371.5
R5 (Breakout Target 1) – 373.1
R6 (Breakout Target 2) – 373.8

S1 – 368.1
S2 – 367.6
S3 (Range Support – Buy) – 367.2
S4 (Short Breakout) – 365.7
S5 (Breakout Target 1) – 364.1
S6 (Breakout Target 2) – 363.4

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

R1 – 465.3
R2 – 466.3
R3 (Range Resistance – Sell) – 467.2
R4 (Long Breakout) – 470.0
R5 (Breakout Target 1) – 473.3
R6 (Breakout Target 2) – 474.6

S1 – 463.5
S2 – 462.5
S3 (Range Support – Buy) – 461.6
S4 (Short Breakout) – 458.8
S5 (Breakout Target 1) – 455.5
S6 (Breakout Target 2) – 454.2

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

R1 – $2.899
R2 – $2.906
R3 (Range Resistance – Sell) – $2.912
R4 (Long Breakout) – $2.932
R5 (Breakout Target 1) – $2.954
R6 (Breakout Target 2) – $2.963

S1 – $2.887
S2 – $2.880
S3 (Range Support – Buy) – $2.874
S4 (Short Breakout) – $2.855
S5 (Breakout Target 1) – $2.832
S6 (Breakout Target 2) – $2.823

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

R1 – $42.73
R2 – $42.92
R3 (Range Resistance – Sell) – $43.12
R4 (Long Breakout) – $43.71
R5 (Breakout Target 1) – $44.40
R6 (Breakout Target 2) – $44.70

S1 – $42.33
S2 – $42.14
S3 (Range Support – Buy) – $41.94
S4 (Short Breakout) – $41.35
S5 (Breakout Target 1) – $40.66
S6 (Breakout Target 2) – $40.36

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