Commodity Market: Pivot Levels for Monday (July 17th 2017)

July 17, 2017 6:35 am

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

R1 – $15.978
R2 – $16.024
R3 (Range Resistance – Sell) – $16.069
R4 (Long Breakout) – $16.205
R5 (Breakout Target 1) – $16.364
R6 (Breakout Target 2) – $16.439

S1 – $15.888
S2 – $15.842
S3 (Range Support – Buy) – $15.797
S4 (Short Breakout) – $15.661
S5 (Breakout Target 1) – $15.502
S6 (Breakout Target 2) – $15.427

Copper (HG) for September delivery (1 Pound)

R1 – $2.6940
R2 – $2.6971
R3 (Range Resistance – Sell) – $2.7001
R4 (Long Breakout) – $2.7092
R5 (Breakout Target 1) – $2.7197
R6 (Breakout Target 2) – $2.7243

S1 – $2.6880
S2 – $2.6850
S3 (Range Support – Buy) – $2.6819
S4 (Short Breakout) – $2.6729
S5 (Breakout Target 1) – $2.6623
S6 (Breakout Target 2) – $2.6577

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

R1 – 990.8
R2 – 992.6
R3 (Range Resistance – Sell) – 994.4
R4 (Long Breakout) – 999.9
R5 (Breakout Target 1) – 1,006.2
R6 (Breakout Target 2) – 1,009.1

S1 – 987.2
S2 – 985.4
S3 (Range Support – Buy) – 983.6
S4 (Short Breakout) – 978.1
S5 (Breakout Target 1) – 971.8
S6 (Breakout Target 2) – 968.9

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

R1 – 377.0
R2 – 377.7
R3 (Range Resistance – Sell) – 378.5
R4 (Long Breakout) – 380.8
R5 (Breakout Target 1) – 383.5
R6 (Breakout Target 2) – 384.7

S1 – 375.4
S2 – 374.7
S3 (Range Support – Buy) – 373.9
S4 (Short Breakout) – 371.6
S5 (Breakout Target 1) – 368.9
S6 (Breakout Target 2) – 367.7

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

R1 – 511.8
R2 – 513.1
R3 (Range Resistance – Sell) – 514.3
R4 (Long Breakout) – 518.0
R5 (Breakout Target 1) – 522.3
R6 (Breakout Target 2) – 524.1

S1 – 509.4
S2 – 508.1
S3 (Range Support – Buy) – 506.9
S4 (Short Breakout) – 503.2
S5 (Breakout Target 1) – 498.9
S6 (Breakout Target 2) – 497.1

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

R1 – $2.987
R2 – $2.993
R3 (Range Resistance – Sell) – $3.000
R4 (Long Breakout) – $3.020
R5 (Breakout Target 1) – $3.043
R6 (Breakout Target 2) – $3.053

S1 – $2.973
S2 – $2.967
S3 (Range Support – Buy) – $2.960
S4 (Short Breakout) – $2.940
S5 (Breakout Target 1) – $2.917
S6 (Breakout Target 2) – $2.907

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

R1 – $46.63
R2 – $46.71
R3 (Range Resistance – Sell) – $46.80
R4 (Long Breakout) – $47.06
R5 (Breakout Target 1) – $47.36
R6 (Breakout Target 2) – $47.50

S1 – $46.45
S2 – $46.37
S3 (Range Support – Buy) – $46.28
S4 (Short Breakout) – $46.02
S5 (Breakout Target 1) – $45.72
S6 (Breakout Target 2) – $45.58

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