Commodity Market: Pivot Levels for Tuesday (February 14th 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 – $17.845
R2 – $17.869
R3 (Range Resistance – Sell) – $17.893
R4 (Long Breakout) – $17.964
R5 (Breakout Target 1) – $18.048
R6 (Breakout Target 2) – $18.082

S1 – $17.797
S2 – $17.773
S3 (Range Support – Buy) – $17.750
S4 (Short Breakout) – $17.678
S5 (Breakout Target 1) – $17.594
S6 (Breakout Target 2) – $17.560

Copper (HG) for March delivery (1 Pound)

R1 – $2.7879
R2 – $2.7928
R3 (Range Resistance – Sell) – $2.7977
R4 (Long Breakout) – $2.8124
R5 (Breakout Target 1) – $2.8296
R6 (Breakout Target 2) – $2.8368

S1 – $2.7781
S2 – $2.7732
S3 (Range Support – Buy) – $2.7683
S4 (Short Breakout) – $2.7536
S5 (Breakout Target 1) – $2.7364
S6 (Breakout Target 2) – $2.7292

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

R1 – 1,055.2
R2 – 1,056.3
R3 (Range Resistance – Sell) – 1,057.3
R4 (Long Breakout) – 1,060.4
R5 (Breakout Target 1) – 1,064.0
R6 (Breakout Target 2) – 1,065.4

S1 – 1,053.2
S2 – 1,052.1
S3 (Range Support – Buy) – 1,051.1
S4 (Short Breakout) – 1,048.0
S5 (Breakout Target 1) – 1,044.4
S6 (Breakout Target 2) – 1,043.0

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

R1 – 375.9
R2 – 376.3
R3 (Range Resistance – Sell) – 376.8
R4 (Long Breakout) – 378.2
R5 (Breakout Target 1) – 379.8
R6 (Breakout Target 2) – 380.5

S1 – 374.9
S2 – 374.5
S3 (Range Support – Buy) – 374.0
S4 (Short Breakout) – 372.7
S5 (Breakout Target 1) – 371.0
S6 (Breakout Target 2) – 370.3

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

R1 – 453.3
R2 – 454.4
R3 (Range Resistance – Sell) – 455.4
R4 (Long Breakout) – 458.7
R5 (Breakout Target 1) – 462.5
R6 (Breakout Target 2) – 464.2

S1 – 451.1
S2 – 450.0
S3 (Range Support – Buy) – 449.0
S4 (Short Breakout) – 445.7
S5 (Breakout Target 1) – 441.9
S6 (Breakout Target 2) – 440.2

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

R1 – $2.951
R2 – $2.957
R3 (Range Resistance – Sell) – $2.964
R4 (Long Breakout) – $2.984
R5 (Breakout Target 1) – $3.008
R6 (Breakout Target 2) – $3.018

S1 – $2.937
S2 – $2.931
S3 (Range Support – Buy) – $2.924
S4 (Short Breakout) – $2.904
S5 (Breakout Target 1) – $2.880
S6 (Breakout Target 2) – $2.870

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

R1 – $53.04
R2 – $53.15
R3 (Range Resistance – Sell) – $53.25
R4 (Long Breakout) – $53.58
R5 (Breakout Target 1) – $53.96
R6 (Breakout Target 2) – $54.11

S1 – $52.82
S2 – $52.71
S3 (Range Support – Buy) – $52.61
S4 (Short Breakout) – $52.28
S5 (Breakout Target 1) – $51.90
S6 (Breakout Target 2) – $51.75

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