Commodity Market: Pivot Levels for Monday (June 5th 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 July delivery (1 Troy Ounce)

R1 – $17.568
R2 – $17.610
R3 (Range Resistance – Sell) – $17.653
R4 (Long Breakout) – $17.781
R5 (Breakout Target 1) – $17.930
R6 (Breakout Target 2) – $18.001

S1 – $17.482
S2 – $17.440
S3 (Range Support – Buy) – $17.397
S4 (Short Breakout) – $17.269
S5 (Breakout Target 1) – $17.120
S6 (Breakout Target 2) – $17.049

Copper (HG) for July delivery (1 Pound)

R1 – $2.5799
R2 – $2.5853
R3 (Range Resistance – Sell) – $2.5907
R4 (Long Breakout) – $2.6070
R5 (Breakout Target 1) – $2.6259
R6 (Breakout Target 2) – $2.6346

S1 – $2.5691
S2 – $2.5637
S3 (Range Support – Buy) – $2.5583
S4 (Short Breakout) – $2.5421
S5 (Breakout Target 1) – $2.5231
S6 (Breakout Target 2) – $2.5144

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

R1 – 922.4
R2 – 923.7
R3 (Range Resistance – Sell) – 924.9
R4 (Long Breakout) – 928.6
R5 (Breakout Target 1) – 932.9
R6 (Breakout Target 2) – 934.8

S1 – 920.0
S2 – 918.7
S3 (Range Support – Buy) – 917.5
S4 (Short Breakout) – 913.8
S5 (Breakout Target 1) – 909.5
S6 (Breakout Target 2) – 907.6

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

R1 – 373.1
R2 – 373.6
R3 (Range Resistance – Sell) – 374.0
R4 (Long Breakout) – 375.5
R5 (Breakout Target 1) – 377.1
R6 (Breakout Target 2) – 377.8

S1 – 372.1
S2 – 371.6
S3 (Range Support – Buy) – 371.2
S4 (Short Breakout) – 369.7
S5 (Breakout Target 1) – 368.1
S6 (Breakout Target 2) – 367.4

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

R1 – 430.1
R2 – 430.8
R3 (Range Resistance – Sell) – 431.5
R4 (Long Breakout) – 433.6
R5 (Breakout Target 1) – 436.0
R6 (Breakout Target 2) – 437.1

S1 – 428.7
S2 – 428.0
S3 (Range Support – Buy) – 427.3
S4 (Short Breakout) – 425.2
S5 (Breakout Target 1) – 422.8
S6 (Breakout Target 2) – 421.7

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

R1 – $3.005
R2 – $3.010
R3 (Range Resistance – Sell) – $3.016
R4 (Long Breakout) – $3.033
R5 (Breakout Target 1) – $3.053
R6 (Breakout Target 2) – $3.061

S1 – $2.993
S2 – $2.988
S3 (Range Support – Buy) – $2.982
S4 (Short Breakout) – $2.965
S5 (Breakout Target 1) – $2.945
S6 (Breakout Target 2) – $2.937

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

R1 – $47.79
R2 – $47.93
R3 (Range Resistance – Sell) – $48.06
R4 (Long Breakout) – $48.46
R5 (Breakout Target 1) – $48.92
R6 (Breakout Target 2) – $49.14

S1 – $47.53
S2 – $47.39
S3 (Range Support – Buy) – $47.26
S4 (Short Breakout) – $46.86
S5 (Breakout Target 1) – $46.40
S6 (Breakout Target 2) – $46.18

Related News