Commodity Market: Pivot Levels for Tuesday (January 31st 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 – $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

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