Commodity Market: Pivot Levels for Monday (November 28th 2016)

Silver (SI) for March 2017 delivery (1 Troy Ounce)

R1 – $16.593
R2 – $16.632
R3 (Range Resistance – Sell) – $16.671
R4 (Long Breakout) – $16.788
R5 (Breakout Target 1) – $16.924
R6 (Breakout Target 2) – $16.987

S1 – $16.515
S2 – $16.476
S3 (Range Support – Buy) – $16.437
S4 (Short Breakout) – $16.320
S5 (Breakout Target 1) – $16.184
S6 (Breakout Target 2) – $16.121

Copper (HG) for March 2017 delivery (1 Pound)

R1 – $2.6895
R2 – $2.6975
R3 (Range Resistance – Sell) – $2.7056
R4 (Long Breakout) – $2.7296
R5 (Breakout Target 1) – $2.7577
R6 (Breakout Target 2) – $2.7710

S1 – $2.6735
S2 – $2.6655
S3 (Range Support – Buy) – $2.6574
S4 (Short Breakout) – $2.6334
S5 (Breakout Target 1) – $2.6053
S6 (Breakout Target 2) – $2.5920

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 1,047.6
R2 – 1,049.2
R3 (Range Resistance – Sell) – 1,050.7
R4 (Long Breakout) – 1,055.5
R5 (Breakout Target 1) – 1,061.0
R6 (Breakout Target 2) – 1,063.5

S1 – 1,044.4
S2 – 1,042.8
S3 (Range Support – Buy) – 1,041.3
S4 (Short Breakout) – 1,036.5
S5 (Breakout Target 1) – 1,031.0
S6 (Breakout Target 2) – 1,028.5

Corn (ZC) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 358.4
R2 – 358.6
R3 (Range Resistance – Sell) – 358.8
R4 (Long Breakout) – 359.3
R5 (Breakout Target 1) – 359.9
R6 (Breakout Target 2) – 360.2

S1 – 358.0
S2 – 357.8
S3 (Range Support – Buy) – 357.6
S4 (Short Breakout) – 357.1
S5 (Breakout Target 1) – 356.5
S6 (Breakout Target 2) – 356.2

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 420.2
R2 – 421.0
R3 (Range Resistance – Sell) – 421.8
R4 (Long Breakout) – 424.1
R5 (Breakout Target 1) – 426.9
R6 (Breakout Target 2) – 428.0

S1 – 418.6
S2 – 417.8
S3 (Range Support – Buy) – 417.0
S4 (Short Breakout) – 414.7
S5 (Breakout Target 1) – 411.9
S6 (Breakout Target 2) – 410.8

Natural Gas (NG) for January 2017 delivery (1 Mmbtu)

R1 – $3.212
R2 – $3.222
R3 (Range Resistance – Sell) – $3.232
R4 (Long Breakout) – $3.261
R5 (Breakout Target 1) – $3.296
R6 (Breakout Target 2) – $3.313

S1 – $3.192
S2 – $3.182
S3 (Range Support – Buy) – $3.172
S4 (Short Breakout) – $3.143
S5 (Breakout Target 1) – $3.108
S6 (Breakout Target 2) – $3.091

Crude Oil (CL) for January 2017 delivery (1 Barrel)

R1 – $46.28
R2 – $46.50
R3 (Range Resistance – Sell) – $46.71
R4 (Long Breakout) – $47.37
R5 (Breakout Target 1) – $48.13
R6 (Breakout Target 2) – $48.45

S1 – $45.84
S2 – $45.62
S3 (Range Support – Buy) – $45.41
S4 (Short Breakout) – $44.75
S5 (Breakout Target 1) – $44.00
S6 (Breakout Target 2) – $43.67