Commodity Market: Pivot Levels for Thursday (June 22nd 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 – $16.391
R2 – $16.407
R3 (Range Resistance – Sell) – $16.424
R4 (Long Breakout) – $16.473
R5 (Breakout Target 1) – $16.531
R6 (Breakout Target 2) – $16.555

S1 – $16.358
S2 – $16.341
S3 (Range Support – Buy) – $16.325
S4 (Short Breakout) – $16.275
S5 (Breakout Target 1) – $16.217
S6 (Breakout Target 2) – $16.193

Copper (HG) for July delivery (1 Pound)

R1 – $2.6084
R2 – $2.6147
R3 (Range Resistance – Sell) – $2.6211
R4 (Long Breakout) – $2.6402
R5 (Breakout Target 1) – $2.6625
R6 (Breakout Target 2) – $2.6732

S1 – $2.5956
S2 – $2.5893
S3 (Range Support – Buy) – $2.5829
S4 (Short Breakout) – $2.5638
S5 (Breakout Target 1) – $2.5415
S6 (Breakout Target 2) – $2.5308

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

R1 – 920.0
R2 – 921.4
R3 (Range Resistance – Sell) – 922.8
R4 (Long Breakout) – 927.1
R5 (Breakout Target 1) – 932.0
R6 (Breakout Target 2) – 934.0

S1 – 917.2
S2 – 915.8
S3 (Range Support – Buy) – 914.4
S4 (Short Breakout) – 910.1
S5 (Breakout Target 1) – 905.2
S6 (Breakout Target 2) – 903.2

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

R1 – 369.1
R2 – 369.6
R3 (Range Resistance – Sell) – 370.0
R4 (Long Breakout) – 371.5
R5 (Breakout Target 1) – 373.1
R6 (Breakout Target 2) – 373.8

S1 – 368.1
S2 – 367.6
S3 (Range Support – Buy) – 367.2
S4 (Short Breakout) – 365.7
S5 (Breakout Target 1) – 364.1
S6 (Breakout Target 2) – 363.4

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

R1 – 465.3
R2 – 466.3
R3 (Range Resistance – Sell) – 467.2
R4 (Long Breakout) – 470.0
R5 (Breakout Target 1) – 473.3
R6 (Breakout Target 2) – 474.6

S1 – 463.5
S2 – 462.5
S3 (Range Support – Buy) – 461.6
S4 (Short Breakout) – 458.8
S5 (Breakout Target 1) – 455.5
S6 (Breakout Target 2) – 454.2

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

R1 – $2.899
R2 – $2.906
R3 (Range Resistance – Sell) – $2.912
R4 (Long Breakout) – $2.932
R5 (Breakout Target 1) – $2.954
R6 (Breakout Target 2) – $2.963

S1 – $2.887
S2 – $2.880
S3 (Range Support – Buy) – $2.874
S4 (Short Breakout) – $2.855
S5 (Breakout Target 1) – $2.832
S6 (Breakout Target 2) – $2.823

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

R1 – $42.73
R2 – $42.92
R3 (Range Resistance – Sell) – $43.12
R4 (Long Breakout) – $43.71
R5 (Breakout Target 1) – $44.40
R6 (Breakout Target 2) – $44.70

S1 – $42.33
S2 – $42.14
S3 (Range Support – Buy) – $41.94
S4 (Short Breakout) – $41.35
S5 (Breakout Target 1) – $40.66
S6 (Breakout Target 2) – $40.36

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