Commodity Market: Pivot Levels for Friday (December 2nd 2016)

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

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

R1 – $16.546
R2 – $16.586
R3 (Range Resistance – Sell) – $16.626
R4 (Long Breakout) – $16.745
R5 (Breakout Target 1) – $16.885
R6 (Breakout Target 2) – $16.946

S1 – $16.466
S2 – $16.426
S3 (Range Support – Buy) – $16.386
S4 (Short Breakout) – $16.267
S5 (Breakout Target 1) – $16.127
S6 (Breakout Target 2) – $16.066

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

R1 – $2.6481
R2 – $2.6532
R3 (Range Resistance – Sell) – $2.6583
R4 (Long Breakout) – $2.6735
R5 (Breakout Target 1) – $2.6914
R6 (Breakout Target 2) – $2.6991

S1 – $2.6379
S2 – $2.6328
S3 (Range Support – Buy) – $2.6277
S4 (Short Breakout) – $2.6125
S5 (Breakout Target 1) – $2.5946
S6 (Breakout Target 2) – $2.5869

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

R1 – 1,031.2
R2 – 1,032.9
R3 (Range Resistance – Sell) – 1,034.5
R4 (Long Breakout) – 1,039.4
R5 (Breakout Target 1) – 1,045.1
R6 (Breakout Target 2) – 1,047.5

S1 – 1,028.0
S2 – 1,026.3
S3 (Range Support – Buy) – 1,024.7
S4 (Short Breakout) – 1,019.8
S5 (Breakout Target 1) – 1,014.1
S6 (Breakout Target 2) – 1,011.7

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

R1 – 343.1
R2 – 343.9
R3 (Range Resistance – Sell) – 344.6
R4 (Long Breakout) – 346.8
R5 (Breakout Target 1) – 349.4
R6 (Breakout Target 2) – 350.4

S1 – 341.7
S2 – 340.9
S3 (Range Support – Buy) – 340.2
S4 (Short Breakout) – 338.0
S5 (Breakout Target 1) – 335.4
S6 (Breakout Target 2) – 334.4

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

R1 – 396.4
R2 – 397.5
R3 (Range Resistance – Sell) – 398.5
R4 (Long Breakout) – 401.7
R5 (Breakout Target 1) – 405.3
R6 (Breakout Target 2) – 406.9

S1 – 394.4
S2 – 393.3
S3 (Range Support – Buy) – 392.3
S4 (Short Breakout) – 389.1
S5 (Breakout Target 1) – 385.5
S6 (Breakout Target 2) – 383.9

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

R1 – $3.526
R2 – $3.547
R3 (Range Resistance – Sell) – $3.569
R4 (Long Breakout) – $3.632
R5 (Breakout Target 1) – $3.706
R6 (Breakout Target 2) – $3.749

S1 – $3.484
S2 – $3.463
S3 (Range Support – Buy) – $3.441
S4 (Short Breakout) – $3.378
S5 (Breakout Target 1) – $3.304
S6 (Breakout Target 2) – $3.261

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

R1 – $51.32
R2 – $51.58
R3 (Range Resistance – Sell) – $51.84
R4 (Long Breakout) – $52.61
R5 (Breakout Target 1) – $53.52
R6 (Breakout Target 2) – $54.00

S1 – $50.80
S2 – $50.54
S3 (Range Support – Buy) – $50.28
S4 (Short Breakout) – $49.51
S5 (Breakout Target 1) – $48.60
S6 (Breakout Target 2) – $48.12

Related News