Commodity Market: Pivot Levels for Monday (April 3rd 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 – $18.277
R2 – $18.298
R3 (Range Resistance – Sell) – $18.319
R4 (Long Breakout) – $18.383
R5 (Breakout Target 1) – $18.456
R6 (Breakout Target 2) – $18.488

S1 – $18.235
S2 – $18.214
S3 (Range Support – Buy) – $18.193
S4 (Short Breakout) – $18.130
S5 (Breakout Target 1) – $18.056
S6 (Breakout Target 2) – $18.024

Copper (HG) for May delivery (1 Pound)

R1 – $2.6570
R2 – $2.6615
R3 (Range Resistance – Sell) – $2.6660
R4 (Long Breakout) – $2.6795
R5 (Breakout Target 1) – $2.6952
R6 (Breakout Target 2) – $2.7019

S1 – $2.6480
S2 – $2.6435
S3 (Range Support – Buy) – $2.6390
S4 (Short Breakout) – $2.6256
S5 (Breakout Target 1) – $2.6098
S6 (Breakout Target 2) – $2.6031

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

R1 – 948.0
R2 – 950.1
R3 (Range Resistance – Sell) – 952.1
R4 (Long Breakout) – 958.2
R5 (Breakout Target 1) – 965.3
R6 (Breakout Target 2) – 968.2

S1 – 944.0
S2 – 941.9
S3 (Range Support – Buy) – 939.9
S4 (Short Breakout) – 933.8
S5 (Breakout Target 1) – 926.7
S6 (Breakout Target 2) – 923.8

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

R1 – 365.3
R2 – 366.3
R3 (Range Resistance – Sell) – 367.4
R4 (Long Breakout) – 370.6
R5 (Breakout Target 1) – 374.3
R6 (Breakout Target 2) – 376.1

S1 – 363.1
S2 – 362.1
S3 (Range Support – Buy) – 361.0
S4 (Short Breakout) – 357.8
S5 (Breakout Target 1) – 354.1
S6 (Breakout Target 2) – 352.3

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

R1 – 427.8
R2 – 429.3
R3 (Range Resistance – Sell) – 430.7
R4 (Long Breakout) – 435.1
R5 (Breakout Target 1) – 440.2
R6 (Breakout Target 2) – 442.6

S1 – 425.0
S2 – 423.5
S3 (Range Support – Buy) – 422.1
S4 (Short Breakout) – 417.7
S5 (Breakout Target 1) – 412.6
S6 (Breakout Target 2) – 410.2

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

R1 – $3.197
R2 – $3.204
R3 (Range Resistance – Sell) – $3.212
R4 (Long Breakout) – $3.233
R5 (Breakout Target 1) – $3.259
R6 (Breakout Target 2) – $3.270

S1 – $3.183
S2 – $3.176
S3 (Range Support – Buy) – $3.168
S4 (Short Breakout) – $3.147
S5 (Breakout Target 1) – $3.121
S6 (Breakout Target 2) – $3.110

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

R1 – $50.69
R2 – $50.77
R3 (Range Resistance – Sell) – $50.86
R4 (Long Breakout) – $51.12
R5 (Breakout Target 1) – $51.43
R6 (Breakout Target 2) – $51.56

S1 – $50.51
S2 – $50.43
S3 (Range Support – Buy) – $50.34
S4 (Short Breakout) – $50.08
S5 (Breakout Target 1) – $49.77
S6 (Breakout Target 2) – $49.64

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