Commodity Market: Pivot Levels for Wednesday (April 26th 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 July delivery (1 Troy Ounce)

R1 – $17.701
R2 – $17.743
R3 (Range Resistance – Sell) – $17.786
R4 (Long Breakout) – $17.912
R5 (Breakout Target 1) – $18.060
R6 (Breakout Target 2) – $18.121

S1 – $17.617
S2 – $17.575
S3 (Range Support – Buy) – $17.533
S4 (Short Breakout) – $17.406
S5 (Breakout Target 1) – $17.258
S6 (Breakout Target 2) – $17.197

Copper (HG) for July delivery (1 Pound)

R1 – $2.5954
R2 – $2.5997
R3 (Range Resistance – Sell) – $2.6041
R4 (Long Breakout) – $2.6171
R5 (Breakout Target 1) – $2.6324
R6 (Breakout Target 2) – $2.6391

S1 – $2.5866
S2 – $2.5823
S3 (Range Support – Buy) – $2.5779
S4 (Short Breakout) – $2.5649
S5 (Breakout Target 1) – $2.5496
S6 (Breakout Target 2) – $2.5429

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

R1 – 965.6
R2 – 966.2
R3 (Range Resistance – Sell) – 966.9
R4 (Long Breakout) – 968.7
R5 (Breakout Target 1) – 970.9
R6 (Breakout Target 2) – 971.8

S1 – 964.4
S2 – 963.8
S3 (Range Support – Buy) – 963.1
S4 (Short Breakout) – 961.3
S5 (Breakout Target 1) – 959.1
S6 (Breakout Target 2) – 958.2

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

R1 – 372.7
R2 – 373.8
R3 (Range Resistance – Sell) – 375.0
R4 (Long Breakout) – 378.3
R5 (Breakout Target 1) – 382.2
R6 (Breakout Target 2) – 384.1

S1 – 370.5
S2 – 369.4
S3 (Range Support – Buy) – 368.2
S4 (Short Breakout) – 364.9
S5 (Breakout Target 1) – 361.0
S6 (Breakout Target 2) – 359.1

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

R1 – 428.2
R2 – 429.4
R3 (Range Resistance – Sell) – 430.6
R4 (Long Breakout) – 434.3
R5 (Breakout Target 1) – 438.5
R6 (Breakout Target 2) – 440.5

S1 – 425.8
S2 – 424.6
S3 (Range Support – Buy) – 423.4
S4 (Short Breakout) – 419.7
S5 (Breakout Target 1) – 415.5
S6 (Breakout Target 2) – 413.5

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

R1 – $3.170
R2 – $3.175
R3 (Range Resistance – Sell) – $3.180
R4 (Long Breakout) – $3.195
R5 (Breakout Target 1) – $3.213
R6 (Breakout Target 2) – $3.221

S1 – $3.160
S2 – $3.155
S3 (Range Support – Buy) – $3.150
S4 (Short Breakout) – $3.135
S5 (Breakout Target 1) – $3.117
S6 (Breakout Target 2) – $3.109

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

R1 – $49.65
R2 – $49.74
R3 (Range Resistance – Sell) – $49.82
R4 (Long Breakout) – $50.09
R5 (Breakout Target 1) – $50.40
R6 (Breakout Target 2) – $50.53

S1 – $49.47
S2 – $49.38
S3 (Range Support – Buy) – $49.30
S4 (Short Breakout) – $49.03
S5 (Breakout Target 1) – $48.72
S6 (Breakout Target 2) – $48.59

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