Commodity Market: Pivot Levels for Monday (June 12th 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 – $17.254
R2 – $17.285
R3 (Range Resistance – Sell) – $17.317
R4 (Long Breakout) – $17.410
R5 (Breakout Target 1) – $17.519
R6 (Breakout Target 2) – $17.564

S1 – $17.192
S2 – $17.161
S3 (Range Support – Buy) – $17.130
S4 (Short Breakout) – $17.036
S5 (Breakout Target 1) – $16.927
S6 (Breakout Target 2) – $16.882

Copper (HG) for July delivery (1 Pound)

R1 – $2.6545
R2 – $2.6595
R3 (Range Resistance – Sell) – $2.6645
R4 (Long Breakout) – $2.6795
R5 (Breakout Target 1) – $2.6970
R6 (Breakout Target 2) – $2.7051

S1 – $2.6445
S2 – $2.6395
S3 (Range Support – Buy) – $2.6345
S4 (Short Breakout) – $2.6195
S5 (Breakout Target 1) – $2.6020
S6 (Breakout Target 2) – $2.5939

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

R1 – 942.4
R2 – 943.5
R3 (Range Resistance – Sell) – 944.5
R4 (Long Breakout) – 947.7
R5 (Breakout Target 1) – 951.3
R6 (Breakout Target 2) – 952.9

S1 – 940.4
S2 – 939.3
S3 (Range Support – Buy) – 938.3
S4 (Short Breakout) – 935.1
S5 (Breakout Target 1) – 931.5
S6 (Breakout Target 2) – 929.9

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

R1 – 388.4
R2 – 389.2
R3 (Range Resistance – Sell) – 390.0
R4 (Long Breakout) – 392.4
R5 (Breakout Target 1) – 395.3
R6 (Breakout Target 2) – 396.6

S1 – 386.8
S2 – 386.0
S3 (Range Support – Buy) – 385.2
S4 (Short Breakout) – 382.8
S5 (Breakout Target 1) – 379.9
S6 (Breakout Target 2) – 378.6

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

R1 – 446.6
R2 – 447.5
R3 (Range Resistance – Sell) – 448.5
R4 (Long Breakout) – 451.4
R5 (Breakout Target 1) – 454.8
R6 (Breakout Target 2) – 456.2

S1 – 444.6
S2 – 443.7
S3 (Range Support – Buy) – 442.7
S4 (Short Breakout) – 439.8
S5 (Breakout Target 1) – 436.4
S6 (Breakout Target 2) – 435.0

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

R1 – $3.042
R2 – $3.046
R3 (Range Resistance – Sell) – $3.049
R4 (Long Breakout) – $3.060
R5 (Breakout Target 1) – $3.072
R6 (Breakout Target 2) – $3.077

S1 – $3.036
S2 – $3.032
S3 (Range Support – Buy) – $3.029
S4 (Short Breakout) – $3.018
S5 (Breakout Target 1) – $3.006
S6 (Breakout Target 2) – $3.001

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

R1 – $45.91
R2 – $46.00
R3 (Range Resistance – Sell) – $46.08
R4 (Long Breakout) – $46.33
R5 (Breakout Target 1) – $46.62
R6 (Breakout Target 2) – $46.75

S1 – $45.75
S2 – $45.66
S3 (Range Support – Buy) – $45.58
S4 (Short Breakout) – $45.33
S5 (Breakout Target 1) – $45.04
S6 (Breakout Target 2) – $44.91

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