Commodity Market: Pivot Levels for Tuesday (January 10th 2017)

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

R1 – $16.709
R2 – $16.734
R3 (Range Resistance – Sell) – $16.760
R4 (Long Breakout) – $16.837
R5 (Breakout Target 1) – $16.927
R6 (Breakout Target 2) – $16.967

S1 – $16.657
S2 – $16.632
S3 (Range Support – Buy) – $16.606
S4 (Short Breakout) – $16.529
S5 (Breakout Target 1) – $16.439
S6 (Breakout Target 2) – $16.399

Copper (HG) for March delivery (1 Pound)

R1 – $2.5413
R2 – $2.5442
R3 (Range Resistance – Sell) – $2.5470
R4 (Long Breakout) – $2.5556
R5 (Breakout Target 1) – $2.5655
R6 (Breakout Target 2) – $2.5697

S1 – $2.5357
S2 – $2.5328
S3 (Range Support – Buy) – $2.5300
S4 (Short Breakout) – $2.5215
S5 (Breakout Target 1) – $2.5115
S6 (Breakout Target 2) – $2.5073

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

R1 – 1,006.4
R2 – 1,007.5
R3 (Range Resistance – Sell) – 1,008.7
R4 (Long Breakout) – 1,012.1
R5 (Breakout Target 1) – 1,016.2
R6 (Breakout Target 2) – 1,017.9

S1 – 1,004.0
S2 – 1,002.9
S3 (Range Support – Buy) – 1,001.7
S4 (Short Breakout) – 998.3
S5 (Breakout Target 1) – 994.2
S6 (Breakout Target 2) – 992.5

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

R1 – 360.5
R2 – 361.0
R3 (Range Resistance – Sell) – 361.5
R4 (Long Breakout) – 363.0
R5 (Breakout Target 1) – 364.7
R6 (Breakout Target 2) – 365.5

S1 – 359.5
S2 – 359.0
S3 (Range Support – Buy) – 358.5
S4 (Short Breakout) – 357.0
S5 (Breakout Target 1) – 355.3
S6 (Breakout Target 2) – 354.5

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

R1 – 427.9
R2 – 428.5
R3 (Range Resistance – Sell) – 429.2
R4 (Long Breakout) – 431.2
R5 (Breakout Target 1) – 433.5
R6 (Breakout Target 2) – 434.5

S1 – 426.5
S2 – 425.9
S3 (Range Support – Buy) – 425.2
S4 (Short Breakout) – 423.2
S5 (Breakout Target 1) – 420.9
S6 (Breakout Target 2) – 419.9

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

R1 – $3.119
R2 – $3.135
R3 (Range Resistance – Sell) – $3.152
R4 (Long Breakout) – $3.200
R5 (Breakout Target 1) – $3.257
R6 (Breakout Target 2) – $3.280

S1 – $3.087
S2 – $3.071
S3 (Range Support – Buy) – $3.054
S4 (Short Breakout) – $3.006
S5 (Breakout Target 1) – $2.949
S6 (Breakout Target 2) – $2.926

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

R1 – $52.15
R2 – $52.34
R3 (Range Resistance – Sell) – $52.53
R4 (Long Breakout) – $53.10
R5 (Breakout Target 1) – $53.76
R6 (Breakout Target 2) – $54.04

S1 – $51.77
S2 – $51.58
S3 (Range Support – Buy) – $51.39
S4 (Short Breakout) – $50.82
S5 (Breakout Target 1) – $50.16
S6 (Breakout Target 2) – $49.88