Commodity Market: Pivot Levels for Tuesday (January 31st 2017)

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

R1 – $17.172
R2 – $17.191
R3 (Range Resistance – Sell) – $17.211
R4 (Long Breakout) – $17.270
R5 (Breakout Target 1) – $17.339
R6 (Breakout Target 2) – $17.368

S1 – $17.132
S2 – $17.113
S3 (Range Support – Buy) – $17.093
S4 (Short Breakout) – $17.034
S5 (Breakout Target 1) – $16.965
S6 (Breakout Target 2) – $16.936

Copper (HG) for March delivery (1 Pound)

R1 – $2.6615
R2 – $2.6679
R3 (Range Resistance – Sell) – $2.6744
R4 (Long Breakout) – $2.6938
R5 (Breakout Target 1) – $2.7164
R6 (Breakout Target 2) – $2.7261

S1 – $2.6485
S2 – $2.6421
S3 (Range Support – Buy) – $2.6356
S4 (Short Breakout) – $2.6162
S5 (Breakout Target 1) – $2.5936
S6 (Breakout Target 2) – $2.5839

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

R1 – 1,024.9
R2 – 1,027.2
R3 (Range Resistance – Sell) – 1,029.5
R4 (Long Breakout) – 1,036.4
R5 (Breakout Target 1) – 1,044.4
R6 (Breakout Target 2) – 1,047.7

S1 – 1,020.3
S2 – 1,018.0
S3 (Range Support – Buy) – 1,015.7
S4 (Short Breakout) – 1,008.9
S5 (Breakout Target 1) – 1,000.8
S6 (Breakout Target 2) – 997.5

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

R1 – 358.2
R2 – 358.7
R3 (Range Resistance – Sell) – 359.3
R4 (Long Breakout) – 360.9
R5 (Breakout Target 1) – 362.8
R6 (Breakout Target 2) – 363.6

S1 – 357.1
S2 – 356.5
S3 (Range Support – Buy) – 356.0
S4 (Short Breakout) – 354.3
S5 (Breakout Target 1) – 352.4
S6 (Breakout Target 2) – 351.6

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

R1 – 414.6
R2 – 415.2
R3 (Range Resistance – Sell) – 415.8
R4 (Long Breakout) – 417.6
R5 (Breakout Target 1) – 419.7
R6 (Breakout Target 2) – 420.6

S1 – 413.4
S2 – 412.8
S3 (Range Support – Buy) – 412.2
S4 (Short Breakout) – 410.4
S5 (Breakout Target 1) – 408.3
S6 (Breakout Target 2) – 407.4

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

R1 – $3.244
R2 – $3.255
R3 (Range Resistance – Sell) – $3.267
R4 (Long Breakout) – $3.301
R5 (Breakout Target 1) – $3.342
R6 (Breakout Target 2) – $3.359

S1 – $3.220
S2 – $3.209
S3 (Range Support – Buy) – $3.197
S4 (Short Breakout) – $3.163
S5 (Breakout Target 1) – $3.122
S6 (Breakout Target 2) – $3.105

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

R1 – $52.73
R2 – $52.82
R3 (Range Resistance – Sell) – $52.92
R4 (Long Breakout) – $53.21
R5 (Breakout Target 1) – $53.54
R6 (Breakout Target 2) – $53.68

S1 – $52.53
S2 – $52.44
S3 (Range Support – Buy) – $52.34
S4 (Short Breakout) – $52.05
S5 (Breakout Target 1) – $51.72
S6 (Breakout Target 2) – $51.58