Commodity Market: Pivot Levels for Thursday (February 9th 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 – $17.728
R2 – $17.752
R3 (Range Resistance – Sell) – $17.775
R4 (Long Breakout) – $17.845
R5 (Breakout Target 1) – $17.927
R6 (Breakout Target 2) – $17.961

S1 – $17.682
S2 – $17.658
S3 (Range Support – Buy) – $17.635
S4 (Short Breakout) – $17.565
S5 (Breakout Target 1) – $17.483
S6 (Breakout Target 2) – $17.449

Copper (HG) for March delivery (1 Pound)

R1 – $2.6719
R2 – $2.6773
R3 (Range Resistance – Sell) – $2.6827
R4 (Long Breakout) – $2.6990
R5 (Breakout Target 1) – $2.7179
R6 (Breakout Target 2) – $2.7263

S1 – $2.6611
S2 – $2.6557
S3 (Range Support – Buy) – $2.6503
S4 (Short Breakout) – $2.6341
S5 (Breakout Target 1) – $2.6151
S6 (Breakout Target 2) – $2.6067

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

R1 – 1,060.4
R2 – 1,062.2
R3 (Range Resistance – Sell) – 1,064.0
R4 (Long Breakout) – 1,069.4
R5 (Breakout Target 1) – 1,075.7
R6 (Breakout Target 2) – 1,078.6

S1 – 1,056.8
S2 – 1,055.0
S3 (Range Support – Buy) – 1,053.2
S4 (Short Breakout) – 1,047.8
S5 (Breakout Target 1) – 1,041.5
S6 (Breakout Target 2) – 1,038.6

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

R1 – 371.0
R2 – 371.4
R3 (Range Resistance – Sell) – 371.9
R4 (Long Breakout) – 373.1
R5 (Breakout Target 1) – 374.6
R6 (Breakout Target 2) – 375.3

S1 – 370.2
S2 – 369.8
S3 (Range Support – Buy) – 369.3
S4 (Short Breakout) – 368.1
S5 (Breakout Target 1) – 366.6
S6 (Breakout Target 2) – 365.9

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

R1 – 432.9
R2 – 433.5
R3 (Range Resistance – Sell) – 434.0
R4 (Long Breakout) – 435.6
R5 (Breakout Target 1) – 437.5
R6 (Breakout Target 2) – 438.3

S1 – 431.9
S2 – 431.3
S3 (Range Support – Buy) – 430.8
S4 (Short Breakout) – 429.2
S5 (Breakout Target 1) – 427.3
S6 (Breakout Target 2) – 426.5

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

R1 – $3.136
R2 – $3.145
R3 (Range Resistance – Sell) – $3.155
R4 (Long Breakout) – $3.183
R5 (Breakout Target 1) – $3.217
R6 (Breakout Target 2) – $3.232

S1 – $3.116
S2 – $3.107
S3 (Range Support – Buy) – $3.097
S4 (Short Breakout) – $3.069
S5 (Breakout Target 1) – $3.035
S6 (Breakout Target 2) – $3.020

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

R1 – $52.47
R2 – $52.61
R3 (Range Resistance – Sell) – $52.74
R4 (Long Breakout) – $53.14
R5 (Breakout Target 1) – $53.60
R6 (Breakout Target 2) – $53.82

S1 – $52.21
S2 – $52.07
S3 (Range Support – Buy) – $51.94
S4 (Short Breakout) – $51.54
S5 (Breakout Target 1) – $51.08
S6 (Breakout Target 2) – $50.86

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