Commodity Market: Pivot Levels for Monday (January 23rd 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 March delivery (1 Troy Ounce)

R1 – $17.065
R2 – $17.097
R3 (Range Resistance – Sell) – $17.130
R4 (Long Breakout) – $17.227
R5 (Breakout Target 1) – $17.341
R6 (Breakout Target 2) – $17.391

S1 – $17.000
S2 – $16.967
S3 (Range Support – Buy) – $16.934
S4 (Short Breakout) – $16.837
S5 (Breakout Target 1) – $16.723
S6 (Breakout Target 2) – $16.673

Copper (HG) for March delivery (1 Pound)

R1 – $2.6303
R2 – $2.6355
R3 (Range Resistance – Sell) – $2.6408
R4 (Long Breakout) – $2.6566
R5 (Breakout Target 1) – $2.6751
R6 (Breakout Target 2) – $2.6833

S1 – $2.6197
S2 – $2.6145
S3 (Range Support – Buy) – $2.6092
S4 (Short Breakout) – $2.5934
S5 (Breakout Target 1) – $2.5749
S6 (Breakout Target 2) – $2.5667

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

R1 – 1,068.4
R2 – 1,069.5
R3 (Range Resistance – Sell) – 1,070.5
R4 (Long Breakout) – 1,073.6
R5 (Breakout Target 1) – 1,077.2
R6 (Breakout Target 2) – 1,078.7

S1 – 1,066.4
S2 – 1,065.3
S3 (Range Support – Buy) – 1,064.3
S4 (Short Breakout) – 1,061.2
S5 (Breakout Target 1) – 1,057.6
S6 (Breakout Target 2) – 1,056.1

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

R1 – 370.1
R2 – 370.5
R3 (Range Resistance – Sell) – 371.0
R4 (Long Breakout) – 372.4
R5 (Breakout Target 1) – 374.0
R6 (Breakout Target 2) – 374.7

S1 – 369.1
S2 – 368.7
S3 (Range Support – Buy) – 368.2
S4 (Short Breakout) – 366.9
S5 (Breakout Target 1) – 365.2
S6 (Breakout Target 2) – 364.5

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

R1 – 428.9
R2 – 429.5
R3 (Range Resistance – Sell) – 430.2
R4 (Long Breakout) – 432.2
R5 (Breakout Target 1) – 434.5
R6 (Breakout Target 2) – 435.5

S1 – 427.5
S2 – 426.9
S3 (Range Support – Buy) – 426.2
S4 (Short Breakout) – 424.2
S5 (Breakout Target 1) – 421.9
S6 (Breakout Target 2) – 420.9

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

R1 – $3.224
R2 – $3.237
R3 (Range Resistance – Sell) – $3.250
R4 (Long Breakout) – $3.288
R5 (Breakout Target 1) – $3.333
R6 (Breakout Target 2) – $3.351

S1 – $3.198
S2 – $3.185
S3 (Range Support – Buy) – $3.173
S4 (Short Breakout) – $3.134
S5 (Breakout Target 1) – $3.089
S6 (Breakout Target 2) – $3.071

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

R1 – $53.36
R2 – $53.50
R3 (Range Resistance – Sell) – $53.64
R4 (Long Breakout) – $54.07
R5 (Breakout Target 1) – $54.56
R6 (Breakout Target 2) – $54.79

S1 – $53.08
S2 – $52.94
S3 (Range Support – Buy) – $52.80
S4 (Short Breakout) – $52.37
S5 (Breakout Target 1) – $51.88
S6 (Breakout Target 2) – $51.65

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