Commodity Market: Pivot Levels for Tuesday (July 4th 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 – $16.087
R2 – $16.138
R3 (Range Resistance – Sell) – $16.188
R4 (Long Breakout) – $16.340
R5 (Breakout Target 1) – $16.516
R6 (Breakout Target 2) – $16.587

S1 – $15.987
S2 – $15.936
S3 (Range Support – Buy) – $15.886
S4 (Short Breakout) – $15.735
S5 (Breakout Target 1) – $15.558
S6 (Breakout Target 2) – $15.487

Copper (HG) for September delivery (1 Pound)

R1 – $2.6959
R2 – $2.6988
R3 (Range Resistance – Sell) – $2.7017
R4 (Long Breakout) – $2.7103
R5 (Breakout Target 1) – $2.7204
R6 (Breakout Target 2) – $2.7246

S1 – $2.6901
S2 – $2.6872
S3 (Range Support – Buy) – $2.6843
S4 (Short Breakout) – $2.6757
S5 (Breakout Target 1) – $2.6656
S6 (Breakout Target 2) – $2.6614

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

R1 – 972.3
R2 – 974.7
R3 (Range Resistance – Sell) – 977.0
R4 (Long Breakout) – 984.1
R5 (Breakout Target 1) – 992.3
R6 (Breakout Target 2) – 996.0

S1 – 967.7
S2 – 965.3
S3 (Range Support – Buy) – 963.0
S4 (Short Breakout) – 955.9
S5 (Breakout Target 1) – 947.7
S6 (Breakout Target 2) – 944.0

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

R1 – 389.6
R2 – 390.7
R3 (Range Resistance – Sell) – 391.9
R4 (Long Breakout) – 395.4
R5 (Breakout Target 1) – 399.6
R6 (Breakout Target 2) – 401.4

S1 – 387.2
S2 – 386.1
S3 (Range Support – Buy) – 384.9
S4 (Short Breakout) – 381.4
S5 (Breakout Target 1) – 377.2
S6 (Breakout Target 2) – 375.4

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

R1 – 557.1
R2 – 559.1
R3 (Range Resistance – Sell) – 561.2
R4 (Long Breakout) – 567.4
R5 (Breakout Target 1) – 574.7
R6 (Breakout Target 2) – 578.5

S1 – 552.9
S2 – 550.9
S3 (Range Support – Buy) – 548.8
S4 (Short Breakout) – 542.6
S5 (Breakout Target 1) – 535.3
S6 (Breakout Target 2) – 531.5

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

R1 – $2.962
R2 – $2.972
R3 (Range Resistance – Sell) – $2.983
R4 (Long Breakout) – $3.014
R5 (Breakout Target 1) – $3.051
R6 (Breakout Target 2) – $3.067

S1 – $2.940
S2 – $2.930
S3 (Range Support – Buy) – $2.919
S4 (Short Breakout) – $2.888
S5 (Breakout Target 1) – $2.851
S6 (Breakout Target 2) – $2.835

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

R1 – $47.18
R2 – $47.29
R3 (Range Resistance – Sell) – $47.39
R4 (Long Breakout) – $47.72
R5 (Breakout Target 1) – $48.10
R6 (Breakout Target 2) – $48.28

S1 – $46.96
S2 – $46.85
S3 (Range Support – Buy) – $46.75
S4 (Short Breakout) – $46.42
S5 (Breakout Target 1) – $46.04
S6 (Breakout Target 2) – $45.86

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