Commodity Market: Pivot Levels for Thursday (June 15th 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 – $17.189
R2 – $17.241
R3 (Range Resistance – Sell) – $17.294
R4 (Long Breakout) – $17.452
R5 (Breakout Target 1) – $17.637
R6 (Breakout Target 2) – $17.723

S1 – $17.083
S2 – $17.031
S3 (Range Support – Buy) – $16.978
S4 (Short Breakout) – $16.820
S5 (Breakout Target 1) – $16.635
S6 (Breakout Target 2) – $16.549

Copper (HG) for July delivery (1 Pound)

R1 – $2.5776
R2 – $2.5817
R3 (Range Resistance – Sell) – $2.5857
R4 (Long Breakout) – $2.5980
R5 (Breakout Target 1) – $2.6123
R6 (Breakout Target 2) – $2.6182

S1 – $2.5694
S2 – $2.5653
S3 (Range Support – Buy) – $2.5613
S4 (Short Breakout) – $2.5490
S5 (Breakout Target 1) – $2.5347
S6 (Breakout Target 2) – $2.5288

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

R1 – 932.3
R2 – 933.1
R3 (Range Resistance – Sell) – 933.8
R4 (Long Breakout) – 936.0
R5 (Breakout Target 1) – 938.6
R6 (Breakout Target 2) – 939.6

S1 – 930.9
S2 – 930.1
S3 (Range Support – Buy) – 929.4
S4 (Short Breakout) – 927.2
S5 (Breakout Target 1) – 924.6
S6 (Breakout Target 2) – 923.6

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

R1 – 377.8
R2 – 378.5
R3 (Range Resistance – Sell) – 379.3
R4 (Long Breakout) – 381.6
R5 (Breakout Target 1) – 384.3
R6 (Breakout Target 2) – 385.4

S1 – 376.2
S2 – 375.5
S3 (Range Support – Buy) – 374.7
S4 (Short Breakout) – 372.4
S5 (Breakout Target 1) – 369.7
S6 (Breakout Target 2) – 368.6

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

R1 – 444.0
R2 – 444.9
R3 (Range Resistance – Sell) – 445.9
R4 (Long Breakout) – 448.8
R5 (Breakout Target 1) – 452.2
R6 (Breakout Target 2) – 453.6

S1 – 442.0
S2 – 441.1
S3 (Range Support – Buy) – 440.1
S4 (Short Breakout) – 437.2
S5 (Breakout Target 1) – 433.8
S6 (Breakout Target 2) – 432.4

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

R1 – $2.940
R2 – $2.946
R3 (Range Resistance – Sell) – $2.953
R4 (Long Breakout) – $2.973
R5 (Breakout Target 1) – $2.997
R6 (Breakout Target 2) – $3.006

S1 – $2.926
S2 – $2.920
S3 (Range Support – Buy) – $2.913
S4 (Short Breakout) – $2.893
S5 (Breakout Target 1) – $2.869
S6 (Breakout Target 2) – $2.860

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

R1 – $44.91
R2 – $45.09
R3 (Range Resistance – Sell) – $45.27
R4 (Long Breakout) – $45.80
R5 (Breakout Target 1) – $46.43
R6 (Breakout Target 2) – $46.69

S1 – $44.55
S2 – $44.37
S3 (Range Support – Buy) – $44.19
S4 (Short Breakout) – $43.66
S5 (Breakout Target 1) – $43.03
S6 (Breakout Target 2) – $42.77

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