Commodity Market: Pivot Levels for Thursday (July 6th 2017)

July 6, 2017 5:51 am

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

R1 – $15.927
R2 – $15.958
R3 (Range Resistance – Sell) – $15.990
R4 (Long Breakout) – $16.083
R5 (Breakout Target 1) – $16.192
R6 (Breakout Target 2) – $16.237

S1 – $15.865
S2 – $15.834
S3 (Range Support – Buy) – $15.803
S4 (Short Breakout) – $15.709
S5 (Breakout Target 1) – $15.600
S6 (Breakout Target 2) – $15.555

Copper (HG) for September delivery (1 Pound)

R1 – $2.6644
R2 – $2.6688
R3 (Range Resistance – Sell) – $2.6732
R4 (Long Breakout) – $2.6864
R5 (Breakout Target 1) – $2.7018
R6 (Breakout Target 2) – $2.7083

S1 – $2.6556
S2 – $2.6512
S3 (Range Support – Buy) – $2.6468
S4 (Short Breakout) – $2.6336
S5 (Breakout Target 1) – $2.6182
S6 (Breakout Target 2) – $2.6117

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

R1 – 983.2
R2 – 984.8
R3 (Range Resistance – Sell) – 986.3
R4 (Long Breakout) – 991.1
R5 (Breakout Target 1) – 996.6
R6 (Breakout Target 2) – 999.0

S1 – 980.0
S2 – 978.4
S3 (Range Support – Buy) – 976.9
S4 (Short Breakout) – 972.1
S5 (Breakout Target 1) – 966.6
S6 (Breakout Target 2) – 964.2

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

R1 – 392.8
R2 – 393.7
R3 (Range Resistance – Sell) – 394.5
R4 (Long Breakout) – 397.0
R5 (Breakout Target 1) – 399.8
R6 (Breakout Target 2) – 401.2

S1 – 391.2
S2 – 390.4
S3 (Range Support – Buy) – 389.5
S4 (Short Breakout) – 387.1
S5 (Breakout Target 1) – 384.2
S6 (Breakout Target 2) – 382.8

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

R1 – 563.5
R2 – 566.9
R3 (Range Resistance – Sell) – 570.4
R4 (Long Breakout) – 580.8
R5 (Breakout Target 1) – 592.9
R6 (Breakout Target 2) – 599.4

S1 – 556.5
S2 – 553.1
S3 (Range Support – Buy) – 549.6
S4 (Short Breakout) – 539.2
S5 (Breakout Target 1) – 527.1
S6 (Breakout Target 2) – 520.6

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

R1 – $2.857
R2 – $2.874
R3 (Range Resistance – Sell) – $2.892
R4 (Long Breakout) – $2.943
R5 (Breakout Target 1) – $3.004
R6 (Breakout Target 2) – $3.029

S1 – $2.823
S2 – $2.806
S3 (Range Support – Buy) – $2.788
S4 (Short Breakout) – $2.737
S5 (Breakout Target 1) – $2.676
S6 (Breakout Target 2) – $2.651

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

R1 – $45.39
R2 – $45.65
R3 (Range Resistance – Sell) – $45.90
R4 (Long Breakout) – $46.68
R5 (Breakout Target 1) – $47.58
R6 (Breakout Target 2) – $47.98

S1 – $44.87
S2 – $44.61
S3 (Range Support – Buy) – $44.36
S4 (Short Breakout) – $43.58
S5 (Breakout Target 1) – $42.68
S6 (Breakout Target 2) – $42.28

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