Commodity Market: Pivot Levels for Thursday (June 29th 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 – $16.747
R2 – $16.766
R3 (Range Resistance – Sell) – $16.786
R4 (Long Breakout) – $16.845
R5 (Breakout Target 1) – $16.914
R6 (Breakout Target 2) – $16.943

S1 – $16.707
S2 – $16.688
S3 (Range Support – Buy) – $16.668
S4 (Short Breakout) – $16.609
S5 (Breakout Target 1) – $16.540
S6 (Breakout Target 2) – $16.511

Copper (HG) for September delivery (1 Pound)

R1 – $2.6786
R2 – $2.6812
R3 (Range Resistance – Sell) – $2.6838
R4 (Long Breakout) – $2.6917
R5 (Breakout Target 1) – $2.7008
R6 (Breakout Target 2) – $2.7048

S1 – $2.6734
S2 – $2.6708
S3 (Range Support – Buy) – $2.6682
S4 (Short Breakout) – $2.6603
S5 (Breakout Target 1) – $2.6512
S6 (Breakout Target 2) – $2.6472

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

R1 – 919.6
R2 – 920.2
R3 (Range Resistance – Sell) – 920.8
R4 (Long Breakout) – 922.5
R5 (Breakout Target 1) – 924.6
R6 (Breakout Target 2) – 925.4

S1 – 918.4
S2 – 917.8
S3 (Range Support – Buy) – 917.2
S4 (Short Breakout) – 915.5
S5 (Breakout Target 1) – 913.4
S6 (Breakout Target 2) – 912.6

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

R1 – 366.5
R2 – 366.8
R3 (Range Resistance – Sell) – 367.0
R4 (Long Breakout) – 367.9
R5 (Breakout Target 1) – 368.8
R6 (Breakout Target 2) – 369.2

S1 – 365.9
S2 – 365.7
S3 (Range Support – Buy) – 365.4
S4 (Short Breakout) – 364.6
S5 (Breakout Target 1) – 363.6
S6 (Breakout Target 2) – 363.2

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

R1 – 473.7
R2 – 474.4
R3 (Range Resistance – Sell) – 475.0
R4 (Long Breakout) – 477.1
R5 (Breakout Target 1) – 479.4
R6 (Breakout Target 2) – 480.5

S1 – 472.3
S2 – 471.6
S3 (Range Support – Buy) – 471.0
S4 (Short Breakout) – 468.9
S5 (Breakout Target 1) – 466.6
S6 (Breakout Target 2) – 465.5

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

R1 – $3.100
R2 – $3.107
R3 (Range Resistance – Sell) – $3.113
R4 (Long Breakout) – $3.133
R5 (Breakout Target 1) – $3.155
R6 (Breakout Target 2) – $3.165

S1 – $3.088
S2 – $3.081
S3 (Range Support – Buy) – $3.075
S4 (Short Breakout) – $3.056
S5 (Breakout Target 1) – $3.033
S6 (Breakout Target 2) – $3.023

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

R1 – $44.85
R2 – $44.97
R3 (Range Resistance – Sell) – $45.08
R4 (Long Breakout) – $45.42
R5 (Breakout Target 1) – $45.81
R6 (Breakout Target 2) – $46.00

S1 – $44.63
S2 – $44.51
S3 (Range Support – Buy) – $44.40
S4 (Short Breakout) – $44.06
S5 (Breakout Target 1) – $43.67
S6 (Breakout Target 2) – $43.48

Related News