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

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