Commodity Market: Pivot Levels for Tuesday (December 13th 2016)

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

R1 – $17.236
R2 – $17.284
R3 (Range Resistance – Sell) – $17.333
R4 (Long Breakout) – $17.479
R5 (Breakout Target 1) – $17.649
R6 (Breakout Target 2) – $17.731

S1 – $17.138
S2 – $17.090
S3 (Range Support – Buy) – $17.041
S4 (Short Breakout) – $16.896
S5 (Breakout Target 1) – $16.725
S6 (Breakout Target 2) – $16.643

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

R1 – $2.6266
R2 – $2.6342
R3 (Range Resistance – Sell) – $2.6418
R4 (Long Breakout) – $2.6647
R5 (Breakout Target 1) – $2.6913
R6 (Breakout Target 2) – $2.7025

S1 – $2.6114
S2 – $2.6038
S3 (Range Support – Buy) – $2.5962
S4 (Short Breakout) – $2.5734
S5 (Breakout Target 1) – $2.5467
S6 (Breakout Target 2) – $2.5355

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

R1 – 1,032.9
R2 – 1,034.9
R3 (Range Resistance – Sell) – 1,036.8
R4 (Long Breakout) – 1,042.6
R5 (Breakout Target 1) – 1,049.3
R6 (Breakout Target 2) – 1,052.1

S1 – 1,029.1
S2 – 1,027.2
S3 (Range Support – Buy) – 1,025.2
S4 (Short Breakout) – 1,019.5
S5 (Breakout Target 1) – 1,012.7
S6 (Breakout Target 2) – 1,009.9

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

R1 – 360.9
R2 – 361.3
R3 (Range Resistance – Sell) – 361.8
R4 (Long Breakout) – 363.2
R5 (Breakout Target 1) – 364.8
R6 (Breakout Target 2) – 365.5

S1 – 359.9
S2 – 359.5
S3 (Range Support – Buy) – 359.0
S4 (Short Breakout) – 357.7
S5 (Breakout Target 1) – 356.0
S6 (Breakout Target 2) – 355.3

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

R1 – 418.0
R2 – 418.9
R3 (Range Resistance – Sell) – 419.7
R4 (Long Breakout) – 422.3
R5 (Breakout Target 1) – 425.2
R6 (Breakout Target 2) – 426.6

S1 – 416.4
S2 – 415.5
S3 (Range Support – Buy) – 414.7
S4 (Short Breakout) – 412.1
S5 (Breakout Target 1) – 409.2
S6 (Breakout Target 2) – 407.8

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

R1 – $3.519
R2 – $3.531
R3 (Range Resistance – Sell) – $3.542
R4 (Long Breakout) – $3.578
R5 (Breakout Target 1) – $3.619
R6 (Breakout Target 2) – $3.637

S1 – $3.495
S2 – $3.483
S3 (Range Support – Buy) – $3.472
S4 (Short Breakout) – $3.436
S5 (Breakout Target 1) – $3.395
S6 (Breakout Target 2) – $3.377

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

R1 – $53.04
R2 – $53.26
R3 (Range Resistance – Sell) – $53.47
R4 (Long Breakout) – $54.11
R5 (Breakout Target 1) – $54.86
R6 (Breakout Target 2) – $55.19

S1 – $52.62
S2 – $52.40
S3 (Range Support – Buy) – $52.19
S4 (Short Breakout) – $51.55
S5 (Breakout Target 1) – $50.80
S6 (Breakout Target 2) – $50.47