Commodity Market: Pivot Levels for Wednesday (November 30th 2016)

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