Commodity Market: Pivot Levels for Monday (March 27th 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 May delivery (1 Troy Ounce)

R1 – $17.772
R2 – $17.796
R3 (Range Resistance – Sell) – $17.820
R4 (Long Breakout) – $17.891
R5 (Breakout Target 1) – $17.975
R6 (Breakout Target 2) – $18.011

S1 – $17.724
S2 – $17.700
S3 (Range Support – Buy) – $17.677
S4 (Short Breakout) – $17.605
S5 (Breakout Target 1) – $17.521
S6 (Breakout Target 2) – $17.485

Copper (HG) for May delivery (1 Pound)

R1 – $2.6343
R2 – $2.6375
R3 (Range Resistance – Sell) – $2.6408
R4 (Long Breakout) – $2.6505
R5 (Breakout Target 1) – $2.6619
R6 (Breakout Target 2) – $2.6667

S1 – $2.6277
S2 – $2.6245
S3 (Range Support – Buy) – $2.6212
S4 (Short Breakout) – $2.6115
S5 (Breakout Target 1) – $2.6001
S6 (Breakout Target 2) – $2.5953

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

R1 – 977.3
R2 – 979.0
R3 (Range Resistance – Sell) – 980.8
R4 (Long Breakout) – 985.9
R5 (Breakout Target 1) – 992.0
R6 (Breakout Target 2) – 994.5

S1 – 973.9
S2 – 972.2
S3 (Range Support – Buy) – 970.4
S4 (Short Breakout) – 965.3
S5 (Breakout Target 1) – 959.2
S6 (Breakout Target 2) – 956.7

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

R1 – 356.5
R2 – 356.7
R3 (Range Resistance – Sell) – 357.0
R4 (Long Breakout) – 357.7
R5 (Breakout Target 1) – 358.6
R6 (Breakout Target 2) – 359.0

S1 – 355.9
S2 – 355.7
S3 (Range Support – Buy) – 355.4
S4 (Short Breakout) – 354.7
S5 (Breakout Target 1) – 353.8
S6 (Breakout Target 2) – 353.4

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

R1 – 425.1
R2 – 425.6
R3 (Range Resistance – Sell) – 426.1
R4 (Long Breakout) – 427.7
R5 (Breakout Target 1) – 429.5
R6 (Breakout Target 2) – 430.3

S1 – 424.1
S2 – 423.6
S3 (Range Support – Buy) – 423.1
S4 (Short Breakout) – 421.5
S5 (Breakout Target 1) – 419.7
S6 (Breakout Target 2) – 418.9

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

R1 – $3.083
R2 – $3.090
R3 (Range Resistance – Sell) – $3.097
R4 (Long Breakout) – $3.118
R5 (Breakout Target 1) – $3.142
R6 (Breakout Target 2) – $3.154

S1 – $3.069
S2 – $3.062
S3 (Range Support – Buy) – $3.055
S4 (Short Breakout) – $3.034
S5 (Breakout Target 1) – $3.010
S6 (Breakout Target 2) – $2.998

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

R1 – $48.03
R2 – $48.09
R3 (Range Resistance – Sell) – $48.15
R4 (Long Breakout) – $48.33
R5 (Breakout Target 1) – $48.54
R6 (Breakout Target 2) – $48.64

S1 – $47.91
S2 – $47.85
S3 (Range Support – Buy) – $47.79
S4 (Short Breakout) – $47.61
S5 (Breakout Target 1) – $47.40
S6 (Breakout Target 2) – $47.30

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