Commodity Market: Pivot Levels for Wednesday (November 30th 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 – $16.768
R2 – $16.797
R3 (Range Resistance – Sell) – $16.825
R4 (Long Breakout) – $16.911
R5 (Breakout Target 1) – $17.010
R6 (Breakout Target 2) – $17.055

S1 – $16.712
S2 – $16.683
S3 (Range Support – Buy) – $16.655
S4 (Short Breakout) – $16.570
S5 (Breakout Target 1) – $16.470
S6 (Breakout Target 2) – $16.425

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

R1 – $2.6181
R2 – $2.6261
R3 (Range Resistance – Sell) – $2.6342
R4 (Long Breakout) – $2.6584
R5 (Breakout Target 1) – $2.6867
R6 (Breakout Target 2) – $2.6987

S1 – $2.6019
S2 – $2.5939
S3 (Range Support – Buy) – $2.5858
S4 (Short Breakout) – $2.5616
S5 (Breakout Target 1) – $2.5333
S6 (Breakout Target 2) – $2.5213

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

R1 – 1,044.2
R2 – 1,046.0
R3 (Range Resistance – Sell) – 1,047.7
R4 (Long Breakout) – 1,053.1
R5 (Breakout Target 1) – 1,059.3
R6 (Breakout Target 2) – 1,061.9

S1 – 1,040.6
S2 – 1,038.8
S3 (Range Support – Buy) – 1,037.1
S4 (Short Breakout) – 1,031.7
S5 (Breakout Target 1) – 1,025.5
S6 (Breakout Target 2) – 1,022.9

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

R1 – 349.9
R2 – 350.8
R3 (Range Resistance – Sell) – 351.6
R4 (Long Breakout) – 354.3
R5 (Breakout Target 1) – 357.4
R6 (Breakout Target 2) – 358.6

S1 – 348.1
S2 – 347.2
S3 (Range Support – Buy) – 346.4
S4 (Short Breakout) – 343.7
S5 (Breakout Target 1) – 340.6
S6 (Breakout Target 2) – 339.4

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

R1 – 409.3
R2 – 410.1
R3 (Range Resistance – Sell) – 410.8
R4 (Long Breakout) – 413.0
R5 (Breakout Target 1) – 415.6
R6 (Breakout Target 2) – 416.6

S1 – 407.9
S2 – 407.1
S3 (Range Support – Buy) – 406.4
S4 (Short Breakout) – 404.2
S5 (Breakout Target 1) – 401.6
S6 (Breakout Target 2) – 400.6

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

R1 – $3.323
R2 – $3.332
R3 (Range Resistance – Sell) – $3.340
R4 (Long Breakout) – $3.365
R5 (Breakout Target 1) – $3.393
R6 (Breakout Target 2) – $3.406

S1 – $3.307
S2 – $3.299
S3 (Range Support – Buy) – $3.290
S4 (Short Breakout) – $3.266
S5 (Breakout Target 1) – $3.237
S6 (Breakout Target 2) – $3.224

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

R1 – $45.43
R2 – $45.63
R3 (Range Resistance – Sell) – $45.82
R4 (Long Breakout) – $46.42
R5 (Breakout Target 1) – $47.11
R6 (Breakout Target 2) – $47.41

S1 – $45.03
S2 – $44.83
S3 (Range Support – Buy) – $44.64
S4 (Short Breakout) – $44.04
S5 (Breakout Target 1) – $43.35
S6 (Breakout Target 2) – $43.05

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