Commodity Market: Pivot Levels for Thursday (April 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 May delivery (1 Troy Ounce)

R1 – $18.204
R2 – $18.220
R3 (Range Resistance – Sell) – $18.237
R4 (Long Breakout) – $18.286
R5 (Breakout Target 1) – $18.344
R6 (Breakout Target 2) – $18.367

S1 – $18.171
S2 – $18.154
S3 (Range Support – Buy) – $18.138
S4 (Short Breakout) – $18.088
S5 (Breakout Target 1) – $18.030
S6 (Breakout Target 2) – $18.007

Copper (HG) for May delivery (1 Pound)

R1 – $2.6875
R2 – $2.6949
R3 (Range Resistance – Sell) – $2.7024
R4 (Long Breakout) – $2.7248
R5 (Breakout Target 1) – $2.7510
R6 (Breakout Target 2) – $2.7636

S1 – $2.6725
S2 – $2.6651
S3 (Range Support – Buy) – $2.6576
S4 (Short Breakout) – $2.6352
S5 (Breakout Target 1) – $2.6090
S6 (Breakout Target 2) – $2.5964

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

R1 – 945.2
R2 – 946.3
R3 (Range Resistance – Sell) – 947.3
R4 (Long Breakout) – 950.4
R5 (Breakout Target 1) – 954.0
R6 (Breakout Target 2) – 955.5

S1 – 943.2
S2 – 942.1
S3 (Range Support – Buy) – 941.1
S4 (Short Breakout) – 938.0
S5 (Breakout Target 1) – 934.4
S6 (Breakout Target 2) – 932.9

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

R1 – 365.0
R2 – 365.4
R3 (Range Resistance – Sell) – 365.8
R4 (Long Breakout) – 366.9
R5 (Breakout Target 1) – 368.3
R6 (Breakout Target 2) – 368.8

S1 – 364.2
S2 – 363.8
S3 (Range Support – Buy) – 363.4
S4 (Short Breakout) – 362.3
S5 (Breakout Target 1) – 360.9
S6 (Breakout Target 2) – 360.4

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

R1 – 430.1
R2 – 430.6
R3 (Range Resistance – Sell) – 431.1
R4 (Long Breakout) – 432.6
R5 (Breakout Target 1) – 434.3
R6 (Breakout Target 2) – 435.1

S1 – 429.1
S2 – 428.6
S3 (Range Support – Buy) – 428.1
S4 (Short Breakout) – 426.6
S5 (Breakout Target 1) – 424.9
S6 (Breakout Target 2) – 424.1

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

R1 – $3.275
R2 – $3.283
R3 (Range Resistance – Sell) – $3.292
R4 (Long Breakout) – $3.317
R5 (Breakout Target 1) – $3.347
R6 (Breakout Target 2) – $3.359

S1 – $3.257
S2 – $3.249
S3 (Range Support – Buy) – $3.240
S4 (Short Breakout) – $3.215
S5 (Breakout Target 1) – $3.185
S6 (Breakout Target 2) – $3.173

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

R1 – $51.25
R2 – $51.36
R3 (Range Resistance – Sell) – $51.46
R4 (Long Breakout) – $51.78
R5 (Breakout Target 1) – $52.14
R6 (Breakout Target 2) – $52.30

S1 – $51.05
S2 – $50.94
S3 (Range Support – Buy) – $50.84
S4 (Short Breakout) – $50.52
S5 (Breakout Target 1) – $50.16
S6 (Breakout Target 2) – $50.00

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