Commodity Market: Pivot Levels for Monday (January 16th 2017)

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