Commodity Market: Pivot Levels for Tuesday (February 28th 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 May delivery (1 Troy Ounce)

R1 – $18.442
R2 – $18.467
R3 (Range Resistance – Sell) – $18.493
R4 (Long Breakout) – $18.568
R5 (Breakout Target 1) – $18.657
R6 (Breakout Target 2) – $18.694

S1 – $18.392
S2 – $18.367
S3 (Range Support – Buy) – $18.341
S4 (Short Breakout) – $18.266
S5 (Breakout Target 1) – $18.177
S6 (Breakout Target 2) – $18.140

Copper (HG) for May delivery (1 Pound)

R1 – $2.7013
R2 – $2.7047
R3 (Range Resistance – Sell) – $2.7080
R4 (Long Breakout) – $2.7181
R5 (Breakout Target 1) – $2.7298
R6 (Breakout Target 2) – $2.7349

S1 – $2.6947
S2 – $2.6913
S3 (Range Support – Buy) – $2.6880
S4 (Short Breakout) – $2.6779
S5 (Breakout Target 1) – $2.6662
S6 (Breakout Target 2) – $2.6611

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

R1 – 1,023.1
R2 – 1,024.2
R3 (Range Resistance – Sell) – 1,025.4
R4 (Long Breakout) – 1,028.7
R5 (Breakout Target 1) – 1,032.6
R6 (Breakout Target 2) – 1,034.3

S1 – 1,020.9
S2 – 1,019.8
S3 (Range Support – Buy) – 1,018.6
S4 (Short Breakout) – 1,015.3
S5 (Breakout Target 1) – 1,011.4
S6 (Breakout Target 2) – 1,009.7

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

R1 – 368.7
R2 – 369.2
R3 (Range Resistance – Sell) – 369.6
R4 (Long Breakout) – 371.1
R5 (Breakout Target 1) – 372.7
R6 (Breakout Target 2) – 373.4

S1 – 367.7
S2 – 367.2
S3 (Range Support – Buy) – 366.8
S4 (Short Breakout) – 365.3
S5 (Breakout Target 1) – 363.7
S6 (Breakout Target 2) – 363.0

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

R1 – 439.5
R2 – 440.4
R3 (Range Resistance – Sell) – 441.2
R4 (Long Breakout) – 443.9
R5 (Breakout Target 1) – 447.0
R6 (Breakout Target 2) – 448.2

S1 – 437.7
S2 – 436.8
S3 (Range Support – Buy) – 436.0
S4 (Short Breakout) – 433.3
S5 (Breakout Target 1) – 430.2
S6 (Breakout Target 2) – 429.0

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

R1 – $2.699
R2 – $2.704
R3 (Range Resistance – Sell) – $2.710
R4 (Long Breakout) – $2.727
R5 (Breakout Target 1) – $2.747
R6 (Breakout Target 2) – $2.756

S1 – $2.687
S2 – $2.682
S3 (Range Support – Buy) – $2.676
S4 (Short Breakout) – $2.659
S5 (Breakout Target 1) – $2.639
S6 (Breakout Target 2) – $2.630

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

R1 – $54.11
R2 – $54.17
R3 (Range Resistance – Sell) – $54.23
R4 (Long Breakout) – $54.42
R5 (Breakout Target 1) – $54.63
R6 (Breakout Target 2) – $54.72

S1 – $53.99
S2 – $53.93
S3 (Range Support – Buy) – $53.87
S4 (Short Breakout) – $53.68
S5 (Breakout Target 1) – $53.47
S6 (Breakout Target 2) – $53.38

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