Commodity Market: Pivot Levels for Thursday (January 19th 2017)

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

R1 – $17.302
R2 – $17.329
R3 (Range Resistance – Sell) – $17.357
R4 (Long Breakout) – $17.439
R5 (Breakout Target 1) – $17.535
R6 (Breakout Target 2) – $17.578

S1 – $17.247
S2 – $17.219
S3 (Range Support – Buy) – $17.192
S4 (Short Breakout) – $17.109
S5 (Breakout Target 1) – $17.013
S6 (Breakout Target 2) – $16.970

Copper (HG) for March delivery (1 Pound)

R1 – $2.6187
R2 – $2.6208
R3 (Range Resistance – Sell) – $2.6230
R4 (Long Breakout) – $2.6294
R5 (Breakout Target 1) – $2.6370
R6 (Breakout Target 2) – $2.6401

S1 – $2.6143
S2 – $2.6122
S3 (Range Support – Buy) – $2.6100
S4 (Short Breakout) – $2.6036
S5 (Breakout Target 1) – $2.5960
S6 (Breakout Target 2) – $2.5929

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

R1 – 1,076.6
R2 – 1,078.2
R3 (Range Resistance – Sell) – 1,079.8
R4 (Long Breakout) – 1,084.7
R5 (Breakout Target 1) – 1,090.3
R6 (Breakout Target 2) – 1,092.8

S1 – 1,073.4
S2 – 1,071.8
S3 (Range Support – Buy) – 1,070.2
S4 (Short Breakout) – 1,065.3
S5 (Breakout Target 1) – 1,059.7
S6 (Breakout Target 2) – 1,057.2

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

R1 – 365.5
R2 – 365.9
R3 (Range Resistance – Sell) – 366.4
R4 (Long Breakout) – 367.8
R5 (Breakout Target 1) – 369.4
R6 (Breakout Target 2) – 370.0

S1 – 364.5
S2 – 364.1
S3 (Range Support – Buy) – 363.6
S4 (Short Breakout) – 362.3
S5 (Breakout Target 1) – 360.6
S6 (Breakout Target 2) – 360.0

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

R1 – 431.6
R2 – 432.1
R3 (Range Resistance – Sell) – 432.7
R4 (Long Breakout) – 434.4
R5 (Breakout Target 1) – 436.4
R6 (Breakout Target 2) – 437.2

S1 – 430.4
S2 – 429.9
S3 (Range Support – Buy) – 429.3
S4 (Short Breakout) – 427.6
S5 (Breakout Target 1) – 425.6
S6 (Breakout Target 2) – 424.8

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

R1 – $3.316
R2 – $3.330
R3 (Range Resistance – Sell) – $3.345
R4 (Long Breakout) – $3.387
R5 (Breakout Target 1) – $3.437
R6 (Breakout Target 2) – $3.458

S1 – $3.288
S2 – $3.274
S3 (Range Support – Buy) – $3.259
S4 (Short Breakout) – $3.217
S5 (Breakout Target 1) – $3.167
S6 (Breakout Target 2) – $3.146

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

R1 – $51.25
R2 – $51.42
R3 (Range Resistance – Sell) – $51.60
R4 (Long Breakout) – $52.11
R5 (Breakout Target 1) – $52.72
R6 (Breakout Target 2) – $52.97

S1 – $50.91
S2 – $50.74
S3 (Range Support – Buy) – $50.56
S4 (Short Breakout) – $50.05
S5 (Breakout Target 1) – $49.44
S6 (Breakout Target 2) – $49.19