Commodity Market: Pivot Levels for Thursday (July 20th 2017)

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

R1 – $16.317
R2 – $16.337
R3 (Range Resistance – Sell) – $16.358
R4 (Long Breakout) – $16.418
R5 (Breakout Target 1) – $16.489
R6 (Breakout Target 2) – $16.519

S1 – $16.277
S2 – $16.257
S3 (Range Support – Buy) – $16.237
S4 (Short Breakout) – $16.176
S5 (Breakout Target 1) – $16.105
S6 (Breakout Target 2) – $16.075

Copper (HG) for September delivery (1 Pound)

R1 – $2.7132
R2 – $2.7159
R3 (Range Resistance – Sell) – $2.7186
R4 (Long Breakout) – $2.7267
R5 (Breakout Target 1) – $2.7362
R6 (Breakout Target 2) – $2.7400

S1 – $2.7078
S2 – $2.7051
S3 (Range Support – Buy) – $2.7024
S4 (Short Breakout) – $2.6943
S5 (Breakout Target 1) – $2.6848
S6 (Breakout Target 2) – $2.6810

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

R1 – 1,001.5
R2 – 1,003.3
R3 (Range Resistance – Sell) – 1,005.2
R4 (Long Breakout) – 1,010.7
R5 (Breakout Target 1) – 1,017.2
R6 (Breakout Target 2) – 1,020.1

S1 – 997.7
S2 – 995.9
S3 (Range Support – Buy) – 994.0
S4 (Short Breakout) – 988.5
S5 (Breakout Target 1) – 982.0
S6 (Breakout Target 2) – 979.1

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

R1 – 383.8
R2 – 385.1
R3 (Range Resistance – Sell) – 386.5
R4 (Long Breakout) – 390.5
R5 (Breakout Target 1) – 395.3
R6 (Breakout Target 2) – 397.5

S1 – 381.0
S2 – 379.7
S3 (Range Support – Buy) – 378.3
S4 (Short Breakout) – 374.3
S5 (Breakout Target 1) – 369.5
S6 (Breakout Target 2) – 367.3

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

R1 – 503.8
R2 – 504.7
R3 (Range Resistance – Sell) – 505.5
R4 (Long Breakout) – 508.0
R5 (Breakout Target 1) – 510.8
R6 (Breakout Target 2) – 512.1

S1 – 502.2
S2 – 501.4
S3 (Range Support – Buy) – 500.5
S4 (Short Breakout) – 498.1
S5 (Breakout Target 1) – 495.2
S6 (Breakout Target 2) – 493.9

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

R1 – $3.070
R2 – $3.074
R3 (Range Resistance – Sell) – $3.077
R4 (Long Breakout) – $3.089
R5 (Breakout Target 1) – $3.102
R6 (Breakout Target 2) – $3.107

S1 – $3.062
S2 – $3.058
S3 (Range Support – Buy) – $3.055
S4 (Short Breakout) – $3.043
S5 (Breakout Target 1) – $3.030
S6 (Breakout Target 2) – $3.025

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

R1 – $47.42
R2 – $47.53
R3 (Range Resistance – Sell) – $47.63
R4 (Long Breakout) – $47.95
R5 (Breakout Target 1) – $48.31
R6 (Breakout Target 2) – $48.48

S1 – $47.22
S2 – $47.11
S3 (Range Support – Buy) – $47.01
S4 (Short Breakout) – $46.69
S5 (Breakout Target 1) – $46.33
S6 (Breakout Target 2) – $46.16