Commodity Market: Pivot Levels for Thursday (July 13th 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 – $15.913
R2 – $15.939
R3 (Range Resistance – Sell) – $15.965
R4 (Long Breakout) – $16.044
R5 (Breakout Target 1) – $16.135
R6 (Breakout Target 2) – $16.175

S1 – $15.861
S2 – $15.835
S3 (Range Support – Buy) – $15.809
S4 (Short Breakout) – $15.730
S5 (Breakout Target 1) – $15.639
S6 (Breakout Target 2) – $15.599

Copper (HG) for September delivery (1 Pound)

R1 – $2.6864
R2 – $2.6889
R3 (Range Resistance – Sell) – $2.6913
R4 (Long Breakout) – $2.6986
R5 (Breakout Target 1) – $2.7071
R6 (Breakout Target 2) – $2.7106

S1 – $2.6816
S2 – $2.6791
S3 (Range Support – Buy) – $2.6767
S4 (Short Breakout) – $2.6694
S5 (Breakout Target 1) – $2.6609
S6 (Breakout Target 2) – $2.6574

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

R1 – 1,022.5
R2 – 1,024.4
R3 (Range Resistance – Sell) – 1,026.3
R4 (Long Breakout) – 1,031.9
R5 (Breakout Target 1) – 1,038.5
R6 (Breakout Target 2) – 1,041.4

S1 – 1,018.7
S2 – 1,016.8
S3 (Range Support – Buy) – 1,014.9
S4 (Short Breakout) – 1,009.3
S5 (Breakout Target 1) – 1,002.7
S6 (Breakout Target 2) – 999.8

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

R1 – 386.9
R2 – 388.4
R3 (Range Resistance – Sell) – 389.9
R4 (Long Breakout) – 394.3
R5 (Breakout Target 1) – 399.5
R6 (Breakout Target 2) – 401.6

S1 – 383.9
S2 – 382.4
S3 (Range Support – Buy) – 380.9
S4 (Short Breakout) – 376.5
S5 (Breakout Target 1) – 371.3
S6 (Breakout Target 2) – 369.2

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

R1 – 538.6
R2 – 540.2
R3 (Range Resistance – Sell) – 541.8
R4 (Long Breakout) – 546.7
R5 (Breakout Target 1) – 552.3
R6 (Breakout Target 2) – 554.7

S1 – 535.4
S2 – 533.8
S3 (Range Support – Buy) – 532.2
S4 (Short Breakout) – 527.3
S5 (Breakout Target 1) – 521.7
S6 (Breakout Target 2) – 519.3

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

R1 – $2.992
R2 – $2.998
R3 (Range Resistance – Sell) – $3.005
R4 (Long Breakout) – $3.025
R5 (Breakout Target 1) – $3.049
R6 (Breakout Target 2) – $3.058

S1 – $2.978
S2 – $2.972
S3 (Range Support – Buy) – $2.965
S4 (Short Breakout) – $2.945
S5 (Breakout Target 1) – $2.921
S6 (Breakout Target 2) – $2.912

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

R1 – $45.62
R2 – $45.74
R3 (Range Resistance – Sell) – $45.87
R4 (Long Breakout) – $46.24
R5 (Breakout Target 1) – $46.68
R6 (Breakout Target 2) – $46.87

S1 – $45.36
S2 – $45.24
S3 (Range Support – Buy) – $45.11
S4 (Short Breakout) – $44.74
S5 (Breakout Target 1) – $44.30
S6 (Breakout Target 2) – $44.11

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