Commodity Market: Pivot Levels for Thursday (December 1st 2016)

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

R1 – $16.515
R2 – $16.549
R3 (Range Resistance – Sell) – $16.582
R4 (Long Breakout) – $16.683
R5 (Breakout Target 1) – $16.800
R6 (Breakout Target 2) – $16.847

S1 – $16.449
S2 – $16.415
S3 (Range Support – Buy) – $16.382
S4 (Short Breakout) – $16.281
S5 (Breakout Target 1) – $16.164
S6 (Breakout Target 2) – $16.117

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

R1 – $2.6427
R2 – $2.6523
R3 (Range Resistance – Sell) – $2.6620
R4 (Long Breakout) – $2.6910
R5 (Breakout Target 1) – $2.7249
R6 (Breakout Target 2) – $2.7419

S1 – $2.6233
S2 – $2.6137
S3 (Range Support – Buy) – $2.6040
S4 (Short Breakout) – $2.5750
S5 (Breakout Target 1) – $2.5411
S6 (Breakout Target 2) – $2.5241

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

R1 – 1,034.2
R2 – 1,036.1
R3 (Range Resistance – Sell) – 1,038.1
R4 (Long Breakout) – 1,044.0
R5 (Breakout Target 1) – 1,050.8
R6 (Breakout Target 2) – 1,053.6

S1 – 1,030.2
S2 – 1,028.3
S3 (Range Support – Buy) – 1,026.3
S4 (Short Breakout) – 1,020.4
S5 (Breakout Target 1) – 1,013.6
S6 (Breakout Target 2) – 1,010.8

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

R1 – 348.9
R2 – 349.4
R3 (Range Resistance – Sell) – 350.0
R4 (Long Breakout) – 351.4
R5 (Breakout Target 1) – 353.1
R6 (Breakout Target 2) – 353.8

S1 – 347.9
S2 – 347.4
S3 (Range Support – Buy) – 346.9
S4 (Short Breakout) – 345.4
S5 (Breakout Target 1) – 343.7
S6 (Breakout Target 2) – 343.0

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

R1 – 403.7
R2 – 404.8
R3 (Range Resistance – Sell) – 405.8
R4 (Long Breakout) – 409.1
R5 (Breakout Target 1) – 412.9
R6 (Breakout Target 2) – 414.4

S1 – 401.5
S2 – 400.4
S3 (Range Support – Buy) – 399.4
S4 (Short Breakout) – 396.1
S5 (Breakout Target 1) – 392.3
S6 (Breakout Target 2) – 390.8

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

R1 – $3.359
R2 – $3.367
R3 (Range Resistance – Sell) – $3.374
R4 (Long Breakout) – $3.396
R5 (Breakout Target 1) – $3.422
R6 (Breakout Target 2) – $3.434

S1 – $3.345
S2 – $3.337
S3 (Range Support – Buy) – $3.330
S4 (Short Breakout) – $3.308
S5 (Breakout Target 1) – $3.282
S6 (Breakout Target 2) – $3.270

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

R1 – $49.87
R2 – $50.30
R3 (Range Resistance – Sell) – $50.73
R4 (Long Breakout) – $52.01
R5 (Breakout Target 1) – $53.52
R6 (Breakout Target 2) – $54.56

S1 – $49.01
S2 – $48.58
S3 (Range Support – Buy) – $48.15
S4 (Short Breakout) – $46.87
S5 (Breakout Target 1) – $45.36
S6 (Breakout Target 2) – $44.32