Commodity Market: Pivot Levels for Monday (March 6th 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 – $17.772
R2 – $17.804
R3 (Range Resistance – Sell) – $17.836
R4 (Long Breakout) – $17.933
R5 (Breakout Target 1) – $18.045
R6 (Breakout Target 2) – $18.092

S1 – $17.708
S2 – $17.676
S3 (Range Support – Buy) – $17.644
S4 (Short Breakout) – $17.548
S5 (Breakout Target 1) – $17.435
S6 (Breakout Target 2) – $17.388

Copper (HG) for May delivery (1 Pound)

R1 – $2.6996
R2 – $2.7027
R3 (Range Resistance – Sell) – $2.7059
R4 (Long Breakout) – $2.7152
R5 (Breakout Target 1) – $2.7261
R6 (Breakout Target 2) – $2.7307

S1 – $2.6934
S2 – $2.6903
S3 (Range Support – Buy) – $2.6872
S4 (Short Breakout) – $2.6778
S5 (Breakout Target 1) – $2.6669
S6 (Breakout Target 2) – $2.6623

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

R1 – 1,038.5
R2 – 1,039.7
R3 (Range Resistance – Sell) – 1,040.8
R4 (Long Breakout) – 1,044.2
R5 (Breakout Target 1) – 1,048.2
R6 (Breakout Target 2) – 1,049.9

S1 – 1,036.3
S2 – 1,035.1
S3 (Range Support – Buy) – 1,034.0
S4 (Short Breakout) – 1,030.6
S5 (Breakout Target 1) – 1,026.6
S6 (Breakout Target 2) – 1,024.9

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

R1 – 381.0
R2 – 381.4
R3 (Range Resistance – Sell) – 381.8
R4 (Long Breakout) – 382.9
R5 (Breakout Target 1) – 384.3
R6 (Breakout Target 2) – 384.8

S1 – 380.2
S2 – 379.8
S3 (Range Support – Buy) – 379.4
S4 (Short Breakout) – 378.3
S5 (Breakout Target 1) – 376.9
S6 (Breakout Target 2) – 376.4

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

R1 – 454.1
R2 – 454.8
R3 (Range Resistance – Sell) – 455.4
R4 (Long Breakout) – 457.5
R5 (Breakout Target 1) – 459.8
R6 (Breakout Target 2) – 460.9

S1 – 452.7
S2 – 452.0
S3 (Range Support – Buy) – 451.4
S4 (Short Breakout) – 449.3
S5 (Breakout Target 1) – 447.0
S6 (Breakout Target 2) – 445.9

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

R1 – $2.833
R2 – $2.839
R3 (Range Resistance – Sell) – $2.845
R4 (Long Breakout) – $2.863
R5 (Breakout Target 1) – $2.884
R6 (Breakout Target 2) – $2.893

S1 – $2.821
S2 – $2.815
S3 (Range Support – Buy) – $2.809
S4 (Short Breakout) – $2.791
S5 (Breakout Target 1) – $2.770
S6 (Breakout Target 2) – $2.761

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

R1 – $53.41
R2 – $53.48
R3 (Range Resistance – Sell) – $53.56
R4 (Long Breakout) – $53.79
R5 (Breakout Target 1) – $54.06
R6 (Breakout Target 2) – $54.18

S1 – $53.25
S2 – $53.18
S3 (Range Support – Buy) – $53.10
S4 (Short Breakout) – $52.87
S5 (Breakout Target 1) – $52.60
S6 (Breakout Target 2) – $52.48

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