Commodity Market: Pivot Levels for Monday (June 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 – $16.669
R2 – $16.692
R3 (Range Resistance – Sell) – $16.714
R4 (Long Breakout) – $16.782
R5 (Breakout Target 1) – $16.860
R6 (Breakout Target 2) – $16.894

S1 – $16.625
S2 – $16.602
S3 (Range Support – Buy) – $16.580
S4 (Short Breakout) – $16.512
S5 (Breakout Target 1) – $16.434
S6 (Breakout Target 2) – $16.400

Copper (HG) for September delivery (1 Pound)

R1 – $2.6400
R2 – $2.6454
R3 (Range Resistance – Sell) – $2.6509
R4 (Long Breakout) – $2.6672
R5 (Breakout Target 1) – $2.6863
R6 (Breakout Target 2) – $2.6947

S1 – $2.6290
S2 – $2.6236
S3 (Range Support – Buy) – $2.6181
S4 (Short Breakout) – $2.6018
S5 (Breakout Target 1) – $2.5827
S6 (Breakout Target 2) – $2.5743

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

R1 – 909.2
R2 – 910.0
R3 (Range Resistance – Sell) – 910.8
R4 (Long Breakout) – 913.1
R5 (Breakout Target 1) – 915.9
R6 (Breakout Target 2) – 917.0

S1 – 907.6
S2 – 906.8
S3 (Range Support – Buy) – 906.0
S4 (Short Breakout) – 903.7
S5 (Breakout Target 1) – 900.9
S6 (Breakout Target 2) – 899.8

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

R1 – 366.1
R2 – 366.9
R3 (Range Resistance – Sell) – 367.6
R4 (Long Breakout) – 369.8
R5 (Breakout Target 1) – 372.4
R6 (Breakout Target 2) – 373.4

S1 – 364.7
S2 – 363.9
S3 (Range Support – Buy) – 363.2
S4 (Short Breakout) – 361.0
S5 (Breakout Target 1) – 358.4
S6 (Breakout Target 2) – 357.4

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

R1 – 474.1
R2 – 474.9
R3 (Range Resistance – Sell) – 475.6
R4 (Long Breakout) – 477.8
R5 (Breakout Target 1) – 480.4
R6 (Breakout Target 2) – 481.4

S1 – 472.7
S2 – 471.9
S3 (Range Support – Buy) – 471.2
S4 (Short Breakout) – 469.0
S5 (Breakout Target 1) – 466.4
S6 (Breakout Target 2) – 465.4

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

R1 – $2.956
R2 – $2.961
R3 (Range Resistance – Sell) – $2.965
R4 (Long Breakout) – $2.980
R5 (Breakout Target 1) – $2.996
R6 (Breakout Target 2) – $3.004

S1 – $2.946
S2 – $2.941
S3 (Range Support – Buy) – $2.937
S4 (Short Breakout) – $2.922
S5 (Breakout Target 1) – $2.906
S6 (Breakout Target 2) – $2.898

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

R1 – $43.07
R2 – $43.13
R3 (Range Resistance – Sell) – $43.19
R4 (Long Breakout) – $43.38
R5 (Breakout Target 1) – $43.59
R6 (Breakout Target 2) – $43.69

S1 – $42.95
S2 – $42.89
S3 (Range Support – Buy) – $42.83
S4 (Short Breakout) – $42.64
S5 (Breakout Target 1) – $42.43
S6 (Breakout Target 2) – $42.33

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