Commodity Market: Pivot Levels for Monday (July 17th 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 – $15.978
R2 – $16.024
R3 (Range Resistance – Sell) – $16.069
R4 (Long Breakout) – $16.205
R5 (Breakout Target 1) – $16.364
R6 (Breakout Target 2) – $16.439

S1 – $15.888
S2 – $15.842
S3 (Range Support – Buy) – $15.797
S4 (Short Breakout) – $15.661
S5 (Breakout Target 1) – $15.502
S6 (Breakout Target 2) – $15.427

Copper (HG) for September delivery (1 Pound)

R1 – $2.6940
R2 – $2.6971
R3 (Range Resistance – Sell) – $2.7001
R4 (Long Breakout) – $2.7092
R5 (Breakout Target 1) – $2.7197
R6 (Breakout Target 2) – $2.7243

S1 – $2.6880
S2 – $2.6850
S3 (Range Support – Buy) – $2.6819
S4 (Short Breakout) – $2.6729
S5 (Breakout Target 1) – $2.6623
S6 (Breakout Target 2) – $2.6577

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

R1 – 990.8
R2 – 992.6
R3 (Range Resistance – Sell) – 994.4
R4 (Long Breakout) – 999.9
R5 (Breakout Target 1) – 1,006.2
R6 (Breakout Target 2) – 1,009.1

S1 – 987.2
S2 – 985.4
S3 (Range Support – Buy) – 983.6
S4 (Short Breakout) – 978.1
S5 (Breakout Target 1) – 971.8
S6 (Breakout Target 2) – 968.9

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

R1 – 377.0
R2 – 377.7
R3 (Range Resistance – Sell) – 378.5
R4 (Long Breakout) – 380.8
R5 (Breakout Target 1) – 383.5
R6 (Breakout Target 2) – 384.7

S1 – 375.4
S2 – 374.7
S3 (Range Support – Buy) – 373.9
S4 (Short Breakout) – 371.6
S5 (Breakout Target 1) – 368.9
S6 (Breakout Target 2) – 367.7

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

R1 – 511.8
R2 – 513.1
R3 (Range Resistance – Sell) – 514.3
R4 (Long Breakout) – 518.0
R5 (Breakout Target 1) – 522.3
R6 (Breakout Target 2) – 524.1

S1 – 509.4
S2 – 508.1
S3 (Range Support – Buy) – 506.9
S4 (Short Breakout) – 503.2
S5 (Breakout Target 1) – 498.9
S6 (Breakout Target 2) – 497.1

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

R1 – $2.987
R2 – $2.993
R3 (Range Resistance – Sell) – $3.000
R4 (Long Breakout) – $3.020
R5 (Breakout Target 1) – $3.043
R6 (Breakout Target 2) – $3.053

S1 – $2.973
S2 – $2.967
S3 (Range Support – Buy) – $2.960
S4 (Short Breakout) – $2.940
S5 (Breakout Target 1) – $2.917
S6 (Breakout Target 2) – $2.907

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

R1 – $46.63
R2 – $46.71
R3 (Range Resistance – Sell) – $46.80
R4 (Long Breakout) – $47.06
R5 (Breakout Target 1) – $47.36
R6 (Breakout Target 2) – $47.50

S1 – $46.45
S2 – $46.37
S3 (Range Support – Buy) – $46.28
S4 (Short Breakout) – $46.02
S5 (Breakout Target 1) – $45.72
S6 (Breakout Target 2) – $45.58

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