Commodity Market: Pivot Levels for Monday (May 1st 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 – $17.286
R2 – $17.310
R3 (Range Resistance – Sell) – $17.334
R4 (Long Breakout) – $17.405
R5 (Breakout Target 1) – $17.489
R6 (Breakout Target 2) – $17.523

S1 – $17.238
S2 – $17.214
S3 (Range Support – Buy) – $17.191
S4 (Short Breakout) – $17.119
S5 (Breakout Target 1) – $17.035
S6 (Breakout Target 2) – $17.001

Copper (HG) for July delivery (1 Pound)

R1 – $2.6101
R2 – $2.6127
R3 (Range Resistance – Sell) – $2.6153
R4 (Long Breakout) – $2.6232
R5 (Breakout Target 1) – $2.6323
R6 (Breakout Target 2) – $2.6362

S1 – $2.6049
S2 – $2.6023
S3 (Range Support – Buy) – $2.5997
S4 (Short Breakout) – $2.5918
S5 (Breakout Target 1) – $2.5827
S6 (Breakout Target 2) – $2.5788

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

R1 – 956.8
R2 – 957.3
R3 (Range Resistance – Sell) – 957.9
R4 (Long Breakout) – 959.5
R5 (Breakout Target 1) – 961.4
R6 (Breakout Target 2) – 962.2

S1 – 955.7
S2 – 955.1
S3 (Range Support – Buy) – 954.6
S4 (Short Breakout) – 952.9
S5 (Breakout Target 1) – 951.0
S6 (Breakout Target 2) – 950.2

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

R1 – 366.9
R2 – 367.4
R3 (Range Resistance – Sell) – 367.9
R4 (Long Breakout) – 369.5
R5 (Breakout Target 1) – 371.3
R6 (Breakout Target 2) – 372.0

S1 – 365.9
S2 – 365.4
S3 (Range Support – Buy) – 364.9
S4 (Short Breakout) – 363.3
S5 (Breakout Target 1) – 361.5
S6 (Breakout Target 2) – 360.8

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

R1 – 432.7
R2 – 433.1
R3 (Range Resistance – Sell) – 433.6
R4 (Long Breakout) – 435.0
R5 (Breakout Target 1) – 436.6
R6 (Breakout Target 2) – 437.2

S1 – 431.7
S2 – 431.3
S3 (Range Support – Buy) – 430.8
S4 (Short Breakout) – 429.5
S5 (Breakout Target 1) – 427.8
S6 (Breakout Target 2) – 427.2

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

R1 – $3.282
R2 – $3.289
R3 (Range Resistance – Sell) – $3.295
R4 (Long Breakout) – $3.314
R5 (Breakout Target 1) – $3.336
R6 (Breakout Target 2) – $3.346

S1 – $3.270
S2 – $3.263
S3 (Range Support – Buy) – $3.257
S4 (Short Breakout) – $3.238
S5 (Breakout Target 1) – $3.216
S6 (Breakout Target 2) – $3.206

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

R1 – $49.42
R2 – $49.51
R3 (Range Resistance – Sell) – $49.59
R4 (Long Breakout) – $49.86
R5 (Breakout Target 1) – $50.17
R6 (Breakout Target 2) – $50.30

S1 – $49.24
S2 – $49.15
S3 (Range Support – Buy) – $49.07
S4 (Short Breakout) – $48.80
S5 (Breakout Target 1) – $48.49
S6 (Breakout Target 2) – $48.36

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