Commodity Market: Pivot Levels for Friday (January 6th 2017)

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 – $16.665
R2 – $16.693
R3 (Range Resistance – Sell) – $16.721
R4 (Long Breakout) – $16.805
R5 (Breakout Target 1) – $16.903
R6 (Breakout Target 2) – $16.945

S1 – $16.609
S2 – $16.581
S3 (Range Support – Buy) – $16.553
S4 (Short Breakout) – $16.469
S5 (Breakout Target 1) – $16.371
S6 (Breakout Target 2) – $16.329

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

R1 – $2.5428
R2 – $2.5481
R3 (Range Resistance – Sell) – $2.5535
R4 (Long Breakout) – $2.5694
R5 (Breakout Target 1) – $2.5880
R6 (Breakout Target 2) – $2.5957

S1 – $2.5322
S2 – $2.5269
S3 (Range Support – Buy) – $2.5216
S4 (Short Breakout) – $2.5056
S5 (Breakout Target 1) – $2.4870
S6 (Breakout Target 2) – $2.4793

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

R1 – 1,013.2
R2 – 1,014.0
R3 (Range Resistance – Sell) – 1,014.8
R4 (Long Breakout) – 1,017.1
R5 (Breakout Target 1) – 1,019.9
R6 (Breakout Target 2) – 1,021.0

S1 – 1,011.6
S2 – 1,010.8
S3 (Range Support – Buy) – 1,010.0
S4 (Short Breakout) – 1,007.7
S5 (Breakout Target 1) – 1,004.9
S6 (Breakout Target 2) – 1,003.8

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

R1 – 361.6
R2 – 362.0
R3 (Range Resistance – Sell) – 362.4
R4 (Long Breakout) – 363.5
R5 (Breakout Target 1) – 365.0
R6 (Breakout Target 2) – 365.4

S1 – 360.8
S2 – 360.4
S3 (Range Support – Buy) – 360.0
S4 (Short Breakout) – 358.9
S5 (Breakout Target 1) – 357.5
S6 (Breakout Target 2) – 357.0

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

R1 – 427.2
R2 – 428.2
R3 (Range Resistance – Sell) – 429.2
R4 (Long Breakout) – 432.1
R5 (Breakout Target 1) – 435.6
R6 (Breakout Target 2) – 437.3

S1 – 425.2
S2 – 424.2
S3 (Range Support – Buy) – 423.2
S4 (Short Breakout) – 420.3
S5 (Breakout Target 1) – 416.8
S6 (Breakout Target 2) – 415.1

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

R1 – $3.289
R2 – $3.305
R3 (Range Resistance – Sell) – $3.321
R4 (Long Breakout) – $3.369
R5 (Breakout Target 1) – $3.425
R6 (Breakout Target 2) – $3.453

S1 – $3.257
S2 – $3.241
S3 (Range Support – Buy) – $3.225
S4 (Short Breakout) – $3.177
S5 (Breakout Target 1) – $3.121
S6 (Breakout Target 2) – $3.093

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

R1 – $53.88
R2 – $54.00
R3 (Range Resistance – Sell) – $54.13
R4 (Long Breakout) – $54.49
R5 (Breakout Target 1) – $54.92
R6 (Breakout Target 2) – $55.11

S1 – $53.64
S2 – $53.52
S3 (Range Support – Buy) – $53.39
S4 (Short Breakout) – $53.03
S5 (Breakout Target 1) – $52.60
S6 (Breakout Target 2) – $52.41

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