Commodity Market: Pivot Levels for Monday (January 16th 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 delivery (1 Troy Ounce)

R1 – $16.787
R2 – $16.810
R3 (Range Resistance – Sell) – $16.832
R4 (Long Breakout) – $16.900
R5 (Breakout Target 1) – $16.978
R6 (Breakout Target 2) – $17.012

S1 – $16.743
S2 – $16.720
S3 (Range Support – Buy) – $16.698
S4 (Short Breakout) – $16.630
S5 (Breakout Target 1) – $16.552
S6 (Breakout Target 2) – $16.518

Copper (HG) for March delivery (1 Pound)

R1 – $2.6968
R2 – $2.7036
R3 (Range Resistance – Sell) – $2.7104
R4 (Long Breakout) – $2.7307
R5 (Breakout Target 1) – $2.7545
R6 (Breakout Target 2) – $2.7653

S1 – $2.6832
S2 – $2.6764
S3 (Range Support – Buy) – $2.6697
S4 (Short Breakout) – $2.6493
S5 (Breakout Target 1) – $2.6255
S6 (Breakout Target 2) – $2.6147

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

R1 – 1,048.1
R2 – 1,049.9
R3 (Range Resistance – Sell) – 1,051.8
R4 (Long Breakout) – 1,057.3
R5 (Breakout Target 1) – 1,063.8
R6 (Breakout Target 2) – 1,066.7

S1 – 1,044.3
S2 – 1,042.5
S3 (Range Support – Buy) – 1,040.6
S4 (Short Breakout) – 1,035.1
S5 (Breakout Target 1) – 1,028.6
S6 (Breakout Target 2) – 1,025.7

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

R1 – 358.8
R2 – 359.2
R3 (Range Resistance – Sell) – 359.6
R4 (Long Breakout) – 360.7
R5 (Breakout Target 1) – 362.1
R6 (Breakout Target 2) – 362.6

S1 – 358.0
S2 – 357.6
S3 (Range Support – Buy) – 357.2
S4 (Short Breakout) – 356.1
S5 (Breakout Target 1) – 354.7
S6 (Breakout Target 2) – 354.2

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

R1 – 426.7
R2 – 427.4
R3 (Range Resistance – Sell) – 428.0
R4 (Long Breakout) – 430.1
R5 (Breakout Target 1) – 432.4
R6 (Breakout Target 2) – 433.5

S1 – 425.3
S2 – 424.6
S3 (Range Support – Buy) – 424.0
S4 (Short Breakout) – 421.9
S5 (Breakout Target 1) – 419.6
S6 (Breakout Target 2) – 418.5

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

R1 – $3.428
R2 – $3.438
R3 (Range Resistance – Sell) – $3.447
R4 (Long Breakout) – $3.476
R5 (Breakout Target 1) – $3.509
R6 (Breakout Target 2) – $3.525

S1 – $3.410
S2 – $3.400
S3 (Range Support – Buy) – $3.391
S4 (Short Breakout) – $3.362
S5 (Breakout Target 1) – $3.329
S6 (Breakout Target 2) – $3.313

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

R1 – $52.45
R2 – $52.54
R3 (Range Resistance – Sell) – $52.62
R4 (Long Breakout) – $52.87
R5 (Breakout Target 1) – $53.15
R6 (Breakout Target 2) – $53.27

S1 – $52.29
S2 – $52.21
S3 (Range Support – Buy) – $52.12
S4 (Short Breakout) – $51.88
S5 (Breakout Target 1) – $51.59
S6 (Breakout Target 2) – $51.47

Related News