Commodity Market: Pivot Levels for Thursday (December 8th 2016)

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

R1 – $17.330
R2 – $17.384
R3 (Range Resistance – Sell) – $17.439
R4 (Long Breakout) – $17.602
R5 (Breakout Target 1) – $17.793
R6 (Breakout Target 2) – $17.890

S1 – $17.220
S2 – $17.166
S3 (Range Support – Buy) – $17.111
S4 (Short Breakout) – $16.948
S5 (Breakout Target 1) – $16.757
S6 (Breakout Target 2) – $16.660

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

R1 – $2.6515
R2 – $2.6589
R3 (Range Resistance – Sell) – $2.6664
R4 (Long Breakout) – $2.6888
R5 (Breakout Target 1) – $2.7150
R6 (Breakout Target 2) – $2.7261

S1 – $2.6365
S2 – $2.6291
S3 (Range Support – Buy) – $2.6216
S4 (Short Breakout) – $2.5992
S5 (Breakout Target 1) – $2.5730
S6 (Breakout Target 2) – $2.5619

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

R1 – 1,050.2
R2 – 1,051.5
R3 (Range Resistance – Sell) – 1,052.7
R4 (Long Breakout) – 1,056.4
R5 (Breakout Target 1) – 1,060.7
R6 (Breakout Target 2) – 1,062.5

S1 – 1,047.8
S2 – 1,046.5
S3 (Range Support – Buy) – 1,045.3
S4 (Short Breakout) – 1,041.6
S5 (Breakout Target 1) – 1,037.3
S6 (Breakout Target 2) – 1,035.5

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

R1 – 358.4
R2 – 358.8
R3 (Range Resistance – Sell) – 359.2
R4 (Long Breakout) – 360.4
R5 (Breakout Target 1) – 361.8
R6 (Breakout Target 2) – 362.4

S1 – 357.6
S2 – 357.2
S3 (Range Support – Buy) – 356.8
S4 (Short Breakout) – 355.6
S5 (Breakout Target 1) – 354.2
S6 (Breakout Target 2) – 353.6

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

R1 – 401.7
R2 – 402.5
R3 (Range Resistance – Sell) – 403.2
R4 (Long Breakout) – 405.4
R5 (Breakout Target 1) – 408.0
R6 (Breakout Target 2) – 409.0

S1 – 400.3
S2 – 399.5
S3 (Range Support – Buy) – 398.8
S4 (Short Breakout) – 396.6
S5 (Breakout Target 1) – 394.0
S6 (Breakout Target 2) – 393.0

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

R1 – $3.621
R2 – $3.638
R3 (Range Resistance – Sell) – $3.656
R4 (Long Breakout) – $3.709
R5 (Breakout Target 1) – $3.770
R6 (Breakout Target 2) – $3.798

S1 – $3.585
S2 – $3.568
S3 (Range Support – Buy) – $3.550
S4 (Short Breakout) – $3.497
S5 (Breakout Target 1) – $3.436
S6 (Breakout Target 2) – $3.408

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

R1 – $49.91
R2 – $50.04
R3 (Range Resistance – Sell) – $50.18
R4 (Long Breakout) – $50.58
R5 (Breakout Target 1) – $51.06
R6 (Breakout Target 2) – $51.25

S1 – $49.63
S2 – $49.50
S3 (Range Support – Buy) – $49.36
S4 (Short Breakout) – $48.96
S5 (Breakout Target 1) – $48.48
S6 (Breakout Target 2) – $48.29