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

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 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

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