Commodity Market: Pivot Levels for Monday (April 24th 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 – $17.878
R2 – $17.899
R3 (Range Resistance – Sell) – $17.921
R4 (Long Breakout) – $17.985
R5 (Breakout Target 1) – $18.061
R6 (Breakout Target 2) – $18.092

S1 – $17.834
S2 – $17.813
S3 (Range Support – Buy) – $17.791
S4 (Short Breakout) – $17.727
S5 (Breakout Target 1) – $17.651
S6 (Breakout Target 2) – $17.620

Copper (HG) for May delivery (1 Pound)

R1 – $2.5413
R2 – $2.5451
R3 (Range Resistance – Sell) – $2.5489
R4 (Long Breakout) – $2.5603
R5 (Breakout Target 1) – $2.5737
R6 (Breakout Target 2) – $2.5792

S1 – $2.5337
S2 – $2.5299
S3 (Range Support – Buy) – $2.5261
S4 (Short Breakout) – $2.5147
S5 (Breakout Target 1) – $2.5013
S6 (Breakout Target 2) – $2.4958

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

R1 – 951.7
R2 – 952.5
R3 (Range Resistance – Sell) – 953.2
R4 (Long Breakout) – 955.4
R5 (Breakout Target 1) – 958.0
R6 (Breakout Target 2) – 959.1

S1 – 950.3
S2 – 949.5
S3 (Range Support – Buy) – 948.8
S4 (Short Breakout) – 946.6
S5 (Breakout Target 1) – 944.0
S6 (Breakout Target 2) – 942.9

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

R1 – 357.4
R2 – 357.8
R3 (Range Resistance – Sell) – 358.2
R4 (Long Breakout) – 359.4
R5 (Breakout Target 1) – 360.8
R6 (Breakout Target 2) – 361.4

S1 – 356.6
S2 – 356.2
S3 (Range Support – Buy) – 355.8
S4 (Short Breakout) – 354.6
S5 (Breakout Target 1) – 353.2
S6 (Breakout Target 2) – 352.6

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

R1 – 405.7
R2 – 406.5
R3 (Range Resistance – Sell) – 407.2
R4 (Long Breakout) – 409.4
R5 (Breakout Target 1) – 412.0
R6 (Breakout Target 2) – 413.1

S1 – 404.3
S2 – 403.5
S3 (Range Support – Buy) – 402.8
S4 (Short Breakout) – 400.6
S5 (Breakout Target 1) – 398.0
S6 (Breakout Target 2) – 396.9

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

R1 – $3.110
R2 – $3.120
R3 (Range Resistance – Sell) – $3.129
R4 (Long Breakout) – $3.158
R5 (Breakout Target 1) – $3.191
R6 (Breakout Target 2) – $3.205

S1 – $3.092
S2 – $3.082
S3 (Range Support – Buy) – $3.073
S4 (Short Breakout) – $3.044
S5 (Breakout Target 1) – $3.011
S6 (Breakout Target 2) – $2.997

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

R1 – $49.78
R2 – $49.94
R3 (Range Resistance – Sell) – $50.10
R4 (Long Breakout) – $50.57
R5 (Breakout Target 1) – $51.13
R6 (Breakout Target 2) – $51.36

S1 – $49.46
S2 – $49.30
S3 (Range Support – Buy) – $49.14
S4 (Short Breakout) – $48.67
S5 (Breakout Target 1) – $48.11
S6 (Breakout Target 2) – $47.88

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