Commodity Market: Pivot Levels for Tuesday (December 13th 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 – $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

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