Commodity Market: Pivot Levels for Monday (February 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 March delivery (1 Troy Ounce)

R1 – $17.505
R2 – $17.530
R3 (Range Resistance – Sell) – $17.556
R4 (Long Breakout) – $17.633
R5 (Breakout Target 1) – $17.723
R6 (Breakout Target 2) – $17.763

S1 – $17.453
S2 – $17.428
S3 (Range Support – Buy) – $17.402
S4 (Short Breakout) – $17.325
S5 (Breakout Target 1) – $17.235
S6 (Breakout Target 2) – $17.195

Copper (HG) for March delivery (1 Pound)

R1 – $2.6235
R2 – $2.6310
R3 (Range Resistance – Sell) – $2.6386
R4 (Long Breakout) – $2.6611
R5 (Breakout Target 1) – $2.6874
R6 (Breakout Target 2) – $2.6981

S1 – $2.6085
S2 – $2.6010
S3 (Range Support – Buy) – $2.5935
S4 (Short Breakout) – $2.5709
S5 (Breakout Target 1) – $2.5446
S6 (Breakout Target 2) – $2.5339

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

R1 – 1,028.7
R2 – 1,030.3
R3 (Range Resistance – Sell) – 1,032.0
R4 (Long Breakout) – 1,036.9
R5 (Breakout Target 1) – 1,042.7
R6 (Breakout Target 2) – 1,045.0

S1 – 1,025.4
S2 – 1,023.7
S3 (Range Support – Buy) – 1,022.1
S4 (Short Breakout) – 1,017.1
S5 (Breakout Target 1) – 1,011.3
S6 (Breakout Target 2) – 1,009.0

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

R1 – 365.5
R2 – 365.9
R3 (Range Resistance – Sell) – 366.2
R4 (Long Breakout) – 367.2
R5 (Breakout Target 1) – 368.3
R6 (Breakout Target 2) – 368.8

S1 – 364.9
S2 – 364.5
S3 (Range Support – Buy) – 364.2
S4 (Short Breakout) – 363.2
S5 (Breakout Target 1) – 362.1
S6 (Breakout Target 2) – 361.6

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

R1 – 430.8
R2 – 431.4
R3 (Range Resistance – Sell) – 432.0
R4 (Long Breakout) – 433.7
R5 (Breakout Target 1) – 435.8
R6 (Breakout Target 2) – 436.6

S1 – 429.6
S2 – 429.0
S3 (Range Support – Buy) – 428.4
S4 (Short Breakout) – 426.7
S5 (Breakout Target 1) – 424.6
S6 (Breakout Target 2) – 423.8

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

R1 – $3.078
R2 – $3.092
R3 (Range Resistance – Sell) – $3.107
R4 (Long Breakout) – $3.150
R5 (Breakout Target 1) – $3.202
R6 (Breakout Target 2) – $3.223

S1 – $3.048
S2 – $3.034
S3 (Range Support – Buy) – $3.019
S4 (Short Breakout) – $2.976
S5 (Breakout Target 1) – $2.924
S6 (Breakout Target 2) – $2.903

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

R1 – $53.91
R2 – $53.98
R3 (Range Resistance – Sell) – $54.06
R4 (Long Breakout) – $54.28
R5 (Breakout Target 1) – $54.54
R6 (Breakout Target 2) – $54.66

S1 – $53.75
S2 – $53.68
S3 (Range Support – Buy) – $53.60
S4 (Short Breakout) – $53.38
S5 (Breakout Target 1) – $53.12
S6 (Breakout Target 2) – $53.00

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