Commodity Market: Pivot Levels for Thursday (June 8th 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 – $17.640
R2 – $17.660
R3 (Range Resistance – Sell) – $17.681
R4 (Long Breakout) – $17.741
R5 (Breakout Target 1) – $17.812
R6 (Breakout Target 2) – $18.841

S1 – $17.600
S2 – $17.580
S3 (Range Support – Buy) – $17.560
S4 (Short Breakout) – $17.499
S5 (Breakout Target 1) – $17.428
S6 (Breakout Target 2) – $17.399

Copper (HG) for July delivery (1 Pound)

R1 – $2.5538
R2 – $2.5562
R3 (Range Resistance – Sell) – $2.5585
R4 (Long Breakout) – $2.5655
R5 (Breakout Target 1) – $2.5737
R6 (Breakout Target 2) – $2.5772

S1 – $2.5492
S2 – $2.5468
S3 (Range Support – Buy) – $2.5445
S4 (Short Breakout) – $2.5375
S5 (Breakout Target 1) – $2.5293
S6 (Breakout Target 2) – $2.5258

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

R1 – 931.5
R2 – 932.4
R3 (Range Resistance – Sell) – 933.4
R4 (Long Breakout) – 936.1
R5 (Breakout Target 1) – 939.3
R6 (Breakout Target 2) – 940.7

S1 – 929.7
S2 – 928.8
S3 (Range Support – Buy) – 927.9
S4 (Short Breakout) – 925.1
S5 (Breakout Target 1) – 921.9
S6 (Breakout Target 2) – 920.5

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

R1 – 385.4
R2 – 386.2
R3 (Range Resistance – Sell) – 387.0
R4 (Long Breakout) – 389.4
R5 (Breakout Target 1) – 392.3
R6 (Breakout Target 2) – 393.5

S1 – 383.8
S2 – 383.0
S3 (Range Support – Buy) – 382.2
S4 (Short Breakout) – 379.8
S5 (Breakout Target 1) – 376.9
S6 (Breakout Target 2) – 375.7

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

R1 – 445.6
R2 – 446.7
R3 (Range Resistance – Sell) – 447.7
R4 (Long Breakout) – 450.8
R5 (Breakout Target 1) – 454.4
R6 (Breakout Target 2) – 456.0

S1 – 443.6
S2 – 442.5
S3 (Range Support – Buy) – 441.5
S4 (Short Breakout) – 438.4
S5 (Breakout Target 1) – 434.8
S6 (Breakout Target 2) – 433.2

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

R1 – $3.028
R2 – $3.036
R3 (Range Resistance – Sell) – $3.043
R4 (Long Breakout) – $3.067
R5 (Breakout Target 1) – $3.094
R6 (Breakout Target 2) – $3.105

S1 – $3.012
S2 – $3.004
S3 (Range Support – Buy) – $2.997
S4 (Short Breakout) – $2.973
S5 (Breakout Target 1) – $2.946
S6 (Breakout Target 2) – $2.935

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

R1 – $45.96
R2 – $46.19
R3 (Range Resistance – Sell) – $46.43
R4 (Long Breakout) – $47.14
R5 (Breakout Target 1) – $47.97
R6 (Breakout Target 2) – $48.30

S1 – $45.48
S2 – $45.25
S3 (Range Support – Buy) – $45.01
S4 (Short Breakout) – $44.30
S5 (Breakout Target 1) – $43.47
S6 (Breakout Target 2) – $43.14

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