Commodity Market: Pivot Levels for Thursday (July 6th 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 September delivery (1 Troy Ounce)

R1 – $15.927
R2 – $15.958
R3 (Range Resistance – Sell) – $15.990
R4 (Long Breakout) – $16.083
R5 (Breakout Target 1) – $16.192
R6 (Breakout Target 2) – $16.237

S1 – $15.865
S2 – $15.834
S3 (Range Support – Buy) – $15.803
S4 (Short Breakout) – $15.709
S5 (Breakout Target 1) – $15.600
S6 (Breakout Target 2) – $15.555

Copper (HG) for September delivery (1 Pound)

R1 – $2.6644
R2 – $2.6688
R3 (Range Resistance – Sell) – $2.6732
R4 (Long Breakout) – $2.6864
R5 (Breakout Target 1) – $2.7018
R6 (Breakout Target 2) – $2.7083

S1 – $2.6556
S2 – $2.6512
S3 (Range Support – Buy) – $2.6468
S4 (Short Breakout) – $2.6336
S5 (Breakout Target 1) – $2.6182
S6 (Breakout Target 2) – $2.6117

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

R1 – 983.2
R2 – 984.8
R3 (Range Resistance – Sell) – 986.3
R4 (Long Breakout) – 991.1
R5 (Breakout Target 1) – 996.6
R6 (Breakout Target 2) – 999.0

S1 – 980.0
S2 – 978.4
S3 (Range Support – Buy) – 976.9
S4 (Short Breakout) – 972.1
S5 (Breakout Target 1) – 966.6
S6 (Breakout Target 2) – 964.2

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

R1 – 392.8
R2 – 393.7
R3 (Range Resistance – Sell) – 394.5
R4 (Long Breakout) – 397.0
R5 (Breakout Target 1) – 399.8
R6 (Breakout Target 2) – 401.2

S1 – 391.2
S2 – 390.4
S3 (Range Support – Buy) – 389.5
S4 (Short Breakout) – 387.1
S5 (Breakout Target 1) – 384.2
S6 (Breakout Target 2) – 382.8

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

R1 – 563.5
R2 – 566.9
R3 (Range Resistance – Sell) – 570.4
R4 (Long Breakout) – 580.8
R5 (Breakout Target 1) – 592.9
R6 (Breakout Target 2) – 599.4

S1 – 556.5
S2 – 553.1
S3 (Range Support – Buy) – 549.6
S4 (Short Breakout) – 539.2
S5 (Breakout Target 1) – 527.1
S6 (Breakout Target 2) – 520.6

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

R1 – $2.857
R2 – $2.874
R3 (Range Resistance – Sell) – $2.892
R4 (Long Breakout) – $2.943
R5 (Breakout Target 1) – $3.004
R6 (Breakout Target 2) – $3.029

S1 – $2.823
S2 – $2.806
S3 (Range Support – Buy) – $2.788
S4 (Short Breakout) – $2.737
S5 (Breakout Target 1) – $2.676
S6 (Breakout Target 2) – $2.651

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

R1 – $45.39
R2 – $45.65
R3 (Range Resistance – Sell) – $45.90
R4 (Long Breakout) – $46.68
R5 (Breakout Target 1) – $47.58
R6 (Breakout Target 2) – $47.98

S1 – $44.87
S2 – $44.61
S3 (Range Support – Buy) – $44.36
S4 (Short Breakout) – $43.58
S5 (Breakout Target 1) – $42.68
S6 (Breakout Target 2) – $42.28

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