Commodity Market: Pivot Levels for Friday (December 23rd 2016)

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 March 2017 delivery (1 Troy Ounce)

R1 – $15.896
R2 – $15.921
R3 (Range Resistance – Sell) – $15.945
R4 (Long Breakout) – $16.020
R5 (Breakout Target 1) – $16.106
R6 (Breakout Target 2) – $16.142

S1 – $15.846
S2 – $15.822
S3 (Range Support – Buy) – $15.797
S4 (Short Breakout) – $15.723
S5 (Breakout Target 1) – $15.636
S6 (Breakout Target 2) – $15.600

Copper (HG) for March 2017 delivery (1 Pound)

R1 – $2.5043
R2 – $2.5091
R3 (Range Resistance – Sell) – $2.5139
R4 (Long Breakout) – $2.5284
R5 (Breakout Target 1) – $2.5452
R6 (Breakout Target 2) – $2.5529

S1 – $2.4947
S2 – $2.4900
S3 (Range Support – Buy) – $2.4851
S4 (Short Breakout) – $2.4706
S5 (Breakout Target 1) – $2.4538
S6 (Breakout Target 2) – $2.4461

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 995.8
R2 – 997.2
R3 (Range Resistance – Sell) – 998.6
R4 (Long Breakout) – 1,002.8
R5 (Breakout Target 1) – 1,007.6
R6 (Breakout Target 2) – 1,009.6

S1 – 993.0
S2 – 991.6
S3 (Range Support – Buy) – 990.2
S4 (Short Breakout) – 986.0
S5 (Breakout Target 1) – 981.2
S6 (Breakout Target 2) – 979.2

Corn (ZC) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 347.4
R2 – 347.6
R3 (Range Resistance – Sell) – 347.8
R4 (Long Breakout) – 348.3
R5 (Breakout Target 1) – 348.9
R6 (Breakout Target 2) – 349.2

S1 – 347.0
S2 – 346.8
S3 (Range Support – Buy) – 346.6
S4 (Short Breakout) – 346.1
S5 (Breakout Target 1) – 345.5
S6 (Breakout Target 2) – 345.2

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 397.4
R2 – 397.7
R3 (Range Resistance – Sell) – 398.1
R4 (Long Breakout) – 399.2
R5 (Breakout Target 1) – 400.5
R6 (Breakout Target 2) – 401.0

S1 – 396.6
S2 – 396.3
S3 (Range Support – Buy) – 395.9
S4 (Short Breakout) – 394.8
S5 (Breakout Target 1) – 393.5
S6 (Breakout Target 2) – 393.0

Natural Gas (NG) for January 2017 delivery (1 Mmbtu)

R1 – $3.550
R2 – $3.562
R3 (Range Resistance – Sell) – $3.573
R4 (Long Breakout) – $3.609
R5 (Breakout Target 1) – $3.650
R6 (Breakout Target 2) – $3.669

S1 – $3.526
S2 – $3.514
S3 (Range Support – Buy) – $3.503
S4 (Short Breakout) – $3.467
S5 (Breakout Target 1) – $3.426
S6 (Breakout Target 2) – $3.407

Crude Oil (CL) for February 2017 delivery (1 Barrel)

R1 – $53.05
R2 – $53.15
R3 (Range Resistance – Sell) – $53.26
R4 (Long Breakout) – $53.56
R5 (Breakout Target 1) – $53.92
R6 (Breakout Target 2) – $54.08

S1 – $52.85
S2 – $52.75
S3 (Range Support – Buy) – $52.64
S4 (Short Breakout) – $52.34
S5 (Breakout Target 1) – $51.98
S6 (Breakout Target 2) – $51.82

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