Commodity Market: Pivot Levels for Tuesday (April 18th 2017)

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