Commodity Market: Pivot Levels for Wednesday (December 21st 2016)

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

R1 – $16.162
R2 – $16.207
R3 (Range Resistance – Sell) – $16.252
R4 (Long Breakout) – $16.387
R5 (Breakout Target 1) – $16.544
R6 (Breakout Target 2) – $16.621

S1 – $16.072
S2 – $16.027
S3 (Range Support – Buy) – $15.982
S4 (Short Breakout) – $15.848
S5 (Breakout Target 1) – $15.690
S6 (Breakout Target 2) – $15.613

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

R1 – $2.5050
R2 – $2.5075
R3 (Range Resistance – Sell) – $2.5101
R4 (Long Breakout) – $2.5176
R5 (Breakout Target 1) – $2.5265
R6 (Breakout Target 2) – $2.5302

S1 – $2.5000
S2 – $2.4975
S3 (Range Support – Buy) – $2.4949
S4 (Short Breakout) – $2.4874
S5 (Breakout Target 1) – $2.4785
S6 (Breakout Target 2) – $2.4748

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

R1 – 1,007.0
R2 – 1,008.9
R3 (Range Resistance – Sell) – 1,010.7
R4 (Long Breakout) – 1,016.4
R5 (Breakout Target 1) – 1,022.6
R6 (Breakout Target 2) – 1,025.2

S1 – 1,003.4
S2 – 1,001.5
S3 (Range Support – Buy) – 999.7
S4 (Short Breakout) – 994.2
S5 (Breakout Target 1) – 987.8
S6 (Breakout Target 2) – 985.2

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

R1 – 350.6
R2 – 351.0
R3 (Range Resistance – Sell) – 351.4
R4 (Long Breakout) – 352.6
R5 (Breakout Target 1) – 354.0
R6 (Breakout Target 2) – 354.6

S1 – 349.8
S2 – 349.4
S3 (Range Support – Buy) – 349.0
S4 (Short Breakout) – 347.8
S5 (Breakout Target 1) – 346.4
S6 (Breakout Target 2) – 345.8

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

R1 – 403.9
R2 – 404.6
R3 (Range Resistance – Sell) – 405.2
R4 (Long Breakout) – 407.3
R5 (Breakout Target 1) – 409.6
R6 (Breakout Target 2) – 410.7

S1 – 402.5
S2 – 401.8
S3 (Range Support – Buy) – 401.2
S4 (Short Breakout) – 399.1
S5 (Breakout Target 1) – 396.8
S6 (Breakout Target 2) – 395.7

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

R1 – $3.278
R2 – $3.293
R3 (Range Resistance – Sell) – $3.309
R4 (Long Breakout) – $3.354
R5 (Breakout Target 1) – $3.408
R6 (Breakout Target 2) – $3.430

S1 – $3.248
S2 – $3.233
S3 (Range Support – Buy) – $3.217
S4 (Short Breakout) – $3.172
S5 (Breakout Target 1) – $3.118
S6 (Breakout Target 2) – $3.096

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

R1 – $53.39
R2 – $53.47
R3 (Range Resistance – Sell) – $53.56
R4 (Long Breakout) – $53.81
R5 (Breakout Target 1) – $54.11
R6 (Breakout Target 2) – $54.24

S1 – $53.21
S2 – $53.13
S3 (Range Support – Buy) – $53.04
S4 (Short Breakout) – $52.79
S5 (Breakout Target 1) – $52.49
S6 (Breakout Target 2) – $52.36