Commodity Market: Pivot Levels for Monday (July 10th 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 September delivery (1 Troy Ounce)

R1 – $15.590
R2 – $15.755
R3 (Range Resistance – Sell) – $15.920
R4 (Long Breakout) – $16.415
R5 (Breakout Target 1) – $16.993
R6 (Breakout Target 2) – $17.361

S1 – $15.260
S2 – $15.095
S3 (Range Support – Buy) – $14.930
S4 (Short Breakout) – $14.435
S5 (Breakout Target 1) – $13.857
S6 (Breakout Target 2) – $13.489

Copper (HG) for September delivery (1 Pound)

R1 – $2.6497
R2 – $2.6523
R3 (Range Resistance – Sell) – $2.6550
R4 (Long Breakout) – $2.6630
R5 (Breakout Target 1) – $2.6723
R6 (Breakout Target 2) – $2.6761

S1 – $2.6443
S2 – $2.6417
S3 (Range Support – Buy) – $2.6390
S4 (Short Breakout) – $2.6311
S5 (Breakout Target 1) – $2.6217
S6 (Breakout Target 2) – $2.6179

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

R1 – 1,002.9
R2 – 1,004.7
R3 (Range Resistance – Sell) – 1,006.6
R4 (Long Breakout) – 1,012.2
R5 (Breakout Target 1) – 1,018.8
R6 (Breakout Target 2) – 1,021.8

S1 – 999.1
S2 – 997.3
S3 (Range Support – Buy) – 995.4
S4 (Short Breakout) – 989.8
S5 (Breakout Target 1) – 983.2
S6 (Breakout Target 2) – 980.2

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

R1 – 393.2
R2 – 394.0
R3 (Range Resistance – Sell) – 394.8
R4 (Long Breakout) – 397.2
R5 (Breakout Target 1) – 400.1
R6 (Breakout Target 2) – 401.3

S1 – 391.6
S2 – 390.8
S3 (Range Support – Buy) – 390.0
S4 (Short Breakout) – 387.6
S5 (Breakout Target 1) – 384.7
S6 (Breakout Target 2) – 383.5

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

R1 – 536.4
R2 – 537.9
R3 (Range Resistance – Sell) – 539.3
R4 (Long Breakout) – 543.6
R5 (Breakout Target 1) – 548.6
R6 (Breakout Target 2) – 550.7

S1 – 533.6
S2 – 532.1
S3 (Range Support – Buy) – 530.7
S4 (Short Breakout) – 526.4
S5 (Breakout Target 1) – 521.4
S6 (Breakout Target 2) – 519.3

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

R1 – $2.873
R2 – $2.882
R3 (Range Resistance – Sell) – $2.892
R4 (Long Breakout) – $2.919
R5 (Breakout Target 1) – $2.951
R6 (Breakout Target 2) – $2.965

S1 – $2.855
S2 – $2.846
S3 (Range Support – Buy) – $2.837
S4 (Short Breakout) – $2.809
S5 (Breakout Target 1) – $2.777
S6 (Breakout Target 2) – $2.763

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

R1 – $44.38
R2 – $44.53
R3 (Range Resistance – Sell) – $44.68
R4 (Long Breakout) – $45.13
R5 (Breakout Target 1) – $45.66
R6 (Breakout Target 2) – $45.89

S1 – $44.08
S2 – $43.93
S3 (Range Support – Buy) – $43.78
S4 (Short Breakout) – $43.33
S5 (Breakout Target 1) – $42.80
S6 (Breakout Target 2) – $42.57

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