Commodity Market: Pivot Levels for Thursday (March 30th 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 – $18.272
R2 – $18.292
R3 (Range Resistance – Sell) – $18.313
R4 (Long Breakout) – $18.373
R5 (Breakout Target 1) – $18.444
R6 (Breakout Target 2) – $18.474

S1 – $18.232
S2 – $18.212
S3 (Range Support – Buy) – $18.192
S4 (Short Breakout) – $18.131
S5 (Breakout Target 1) – $18.060
S6 (Breakout Target 2) – $18.030

Copper (HG) for May delivery (1 Pound)

R1 – $2.6803
R2 – $2.6830
R3 (Range Resistance – Sell) – $2.6858
R4 (Long Breakout) – $2.6940
R5 (Breakout Target 1) – $2.7036
R6 (Breakout Target 2) – $2.7077

S1 – $2.6748
S2 – $2.6720
S3 (Range Support – Buy) – $2.6693
S4 (Short Breakout) – $2.6610
S5 (Breakout Target 1) – $2.6514
S6 (Breakout Target 2) – $2.6473

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

R1 – 969.8
R2 – 970.6
R3 (Range Resistance – Sell) – 971.4
R4 (Long Breakout) – 973.8
R5 (Breakout Target 1) – 976.7
R6 (Breakout Target 2) – 977.8

S1 – 968.2
S2 – 967.4
S3 (Range Support – Buy) – 966.6
S4 (Short Breakout) – 964.2
S5 (Breakout Target 1) – 961.3
S6 (Breakout Target 2) – 960.2

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

R1 – 358.8
R2 – 359.2
R3 (Range Resistance – Sell) – 359.6
R4 (Long Breakout) – 360.7
R5 (Breakout Target 1) – 362.1
R6 (Breakout Target 2) – 362.6

S1 – 358.0
S2 – 357.6
S3 (Range Support – Buy) – 357.2
S4 (Short Breakout) – 356.1
S5 (Breakout Target 1) – 354.7
S6 (Breakout Target 2) – 354.2

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

R1 – 425.9
R2 – 426.3
R3 (Range Resistance – Sell) – 426.8
R4 (Long Breakout) – 428.2
R5 (Breakout Target 1) – 429.8
R6 (Breakout Target 2) – 430.4

S1 – 424.9
S2 – 424.5
S3 (Range Support – Buy) – 424.0
S4 (Short Breakout) – 422.7
S5 (Breakout Target 1) – 421.0
S6 (Breakout Target 2) – 420.4

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

R1 – $3.239
R2 – $3.248
R3 (Range Resistance – Sell) – $3.256
R4 (Long Breakout) – $3.282
R5 (Breakout Target 1) – $3.311
R6 (Breakout Target 2) – $3.325

S1 – $3.223
S2 – $3.214
S3 (Range Support – Buy) – $3.206
S4 (Short Breakout) – $3.180
S5 (Breakout Target 1) – $3.151
S6 (Breakout Target 2) – $3.137

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

R1 – $49.62
R2 – $49.74
R3 (Range Resistance – Sell) – $49.85
R4 (Long Breakout) – $50.20
R5 (Breakout Target 1) – $50.60
R6 (Breakout Target 2) – $50.79

S1 – $49.40
S2 – $49.28
S3 (Range Support – Buy) – $49.17
S4 (Short Breakout) – $48.82
S5 (Breakout Target 1) – $48.42
S6 (Breakout Target 2) – $48.23

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