Commodity Market: Pivot Levels for Tuesday (November 29th 2016)

Silver (SI) for March 2017 delivery (1 Troy Ounce)

R1 – $16.713
R2 – $16.751
R3 (Range Resistance – Sell) – $16.789
R4 (Long Breakout) – $16.903
R5 (Breakout Target 1) – $17.037
R6 (Breakout Target 2) – $17.094

S1 – $16.637
S2 – $16.600
S3 (Range Support – Buy) – $16.561
S4 (Short Breakout) – $16.447
S5 (Breakout Target 1) – $16.313
S6 (Breakout Target 2) – $16.256

Copper (HG) for March 2017 delivery (1 Pound)

R1 – $2.6804
R2 – $2.6902
R3 (Range Resistance – Sell) – $2.7001
R4 (Long Breakout) – $2.7296
R5 (Breakout Target 1) – $2.7642
R6 (Breakout Target 2) – $2.7790

S1 – $2.6606
S2 – $2.6508
S3 (Range Support – Buy) – $2.6409
S4 (Short Breakout) – $2.6114
S5 (Breakout Target 1) – $2.5768
S6 (Breakout Target 2) – $2.5620

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 1,058.1
R2 – 1,060.1
R3 (Range Resistance – Sell) – 1,062.2
R4 (Long Breakout) – 1,068.4
R5 (Breakout Target 1) – 1,075.7
R6 (Breakout Target 2) – 1,078.9

S1 – 1,053.9
S2 – 1,051.9
S3 (Range Support – Buy) – 1,049.8
S4 (Short Breakout) – 1,043.6
S5 (Breakout Target 1) – 1,036.3
S6 (Breakout Target 2) – 1,033.1

Corn (ZC) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 358.8
R2 – 359.4
R3 (Range Resistance – Sell) – 360.1
R4 (Long Breakout) – 361.9
R5 (Breakout Target 1) – 364.1
R6 (Breakout Target 2) – 365.0

S1 – 357.6
S2 – 357.0
S3 (Range Support – Buy) – 356.3
S4 (Short Breakout) – 354.5
S5 (Breakout Target 1) – 352.3
S6 (Breakout Target 2) – 351.4

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 417.0
R2 – 417.7
R3 (Range Resistance – Sell) – 418.3
R4 (Long Breakout) – 420.3
R5 (Breakout Target 1) – 422.5
R6 (Breakout Target 2) – 423.4

S1 – 415.8
S2 – 415.1
S3 (Range Support – Buy) – 414.5
S4 (Short Breakout) – 412.6
S5 (Breakout Target 1) – 410.3
S6 (Breakout Target 2) – 409.4

Natural Gas (NG) for January 2017 delivery (1 Mmbtu)

R1 – $3.329
R2 – $3.338
R3 (Range Resistance – Sell) – $3.347
R4 (Long Breakout) – $3.374
R5 (Breakout Target 1) – $3.406
R6 (Breakout Target 2) – $3.421

S1 – $3.311
S2 – $3.302
S3 (Range Support – Buy) – $3.293
S4 (Short Breakout) – $3.266
S5 (Breakout Target 1) – $3.234
S6 (Breakout Target 2) – $3.219

Crude Oil (CL) for January 2017 delivery (1 Barrel)

R1 – $47.31
R2 – $47.54
R3 (Range Resistance – Sell) – $47.77
R4 (Long Breakout) – $48.46
R5 (Breakout Target 1) – $49.27
R6 (Breakout Target 2) – $49.70

S1 – $46.85
S2 – $46.62
S3 (Range Support – Buy) – $46.39
S4 (Short Breakout) – $45.70
S5 (Breakout Target 1) – $44.89
S6 (Breakout Target 2) – $44.46