Commodity Market: Pivot Levels for Tuesday (April 18th 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 – $18.540
R2 – $18.566
R3 (Range Resistance – Sell) – $18.592
R4 (Long Breakout) – $18.671
R5 (Breakout Target 1) – $18.762
R6 (Breakout Target 2) – $18.801

S1 – $18.488
S2 – $18.462
S3 (Range Support – Buy) – $18.436
S4 (Short Breakout) – $18.357
S5 (Breakout Target 1) – $18.266
S6 (Breakout Target 2) – $18.227

Copper (HG) for May delivery (1 Pound)

R1 – $2.6010
R2 – $2.6061
R3 (Range Resistance – Sell) – $2.6111
R4 (Long Breakout) – $2.6263
R5 (Breakout Target 1) – $2.6439
R6 (Breakout Target 2) – $2.6518

S1 – $2.5910
S2 – $2.5859
S3 (Range Support – Buy) – $2.5809
S4 (Short Breakout) – $2.5658
S5 (Breakout Target 1) – $2.5481
S6 (Breakout Target 2) – $2.5402

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

R1 – 954.2
R2 – 955.1
R3 (Range Resistance – Sell) – 956.1
R4 (Long Breakout) – 959.0
R5 (Breakout Target 1) – 962.4
R6 (Breakout Target 2) – 963.8

S1 – 952.2
S2 – 951.3
S3 (Range Support – Buy) – 950.3
S4 (Short Breakout) – 947.4
S5 (Breakout Target 1) – 944.0
S6 (Breakout Target 2) – 942.6

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

R1 – 367.0
R2 – 367.6
R3 (Range Resistance – Sell) – 368.2
R4 (Long Breakout) – 370.0
R5 (Breakout Target 1) – 372.1
R6 (Breakout Target 2) – 373.0

S1 – 365.8
S2 – 365.2
S3 (Range Support – Buy) – 364.6
S4 (Short Breakout) – 362.8
S5 (Breakout Target 1) – 360.7
S6 (Breakout Target 2) – 359.8

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

R1 – 422.1
R2 – 423.1
R3 (Range Resistance – Sell) – 424.2
R4 (Long Breakout) – 427.4
R5 (Breakout Target 1) – 431.1
R6 (Breakout Target 2) – 432.6

S1 – 419.9
S2 – 418.9
S3 (Range Support – Buy) – 417.8
S4 (Short Breakout) – 414.6
S5 (Breakout Target 1) – 410.9
S6 (Breakout Target 2) – 409.4

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

R1 – $3.171
R2 – $3.180
R3 (Range Resistance – Sell) – $3.188
R4 (Long Breakout) – $3.213
R5 (Breakout Target 1) – $3.242
R6 (Breakout Target 2) – $3.254

S1 – $3.155
S2 – $3.146
S3 (Range Support – Buy) – $3.138
S4 (Short Breakout) – $3.113
S5 (Breakout Target 1) – $3.084
S6 (Breakout Target 2) – $3.072

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

R1 – $52.71
R2 – $52.77
R3 (Range Resistance – Sell) – $52.83
R4 (Long Breakout) – $53.01
R5 (Breakout Target 1) – $53.22
R6 (Breakout Target 2) – $53.31

S1 – $52.59
S2 – $52.53
S3 (Range Support – Buy) – $52.47
S4 (Short Breakout) – $52.29
S5 (Breakout Target 1) – $52.08
S6 (Breakout Target 2) – $51.99

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