Commodity Market: Pivot Levels for Thursday (December 15th 2016)

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

R1 – $17.265
R2 – $17.310
R3 (Range Resistance – Sell) – $17.354
R4 (Long Breakout) – $17.488
R5 (Breakout Target 1) – $17.644
R6 (Breakout Target 2) – $17.718

S1 – $17.177
S2 – $17.132
S3 (Range Support – Buy) – $17.088
S4 (Short Breakout) – $16.954
S5 (Breakout Target 1) – $16.798
S6 (Breakout Target 2) – $16.724

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

R1 – $2.6114
R2 – $2.6183
R3 (Range Resistance – Sell) – $2.6251
R4 (Long Breakout) – $2.6458
R5 (Breakout Target 1) – $2.6698
R6 (Breakout Target 2) – $2.6805

S1 – $2.5976
S2 – $2.5908
S3 (Range Support – Buy) – $2.5839
S4 (Short Breakout) – $2.5633
S5 (Breakout Target 1) – $2.5392
S6 (Breakout Target 2) – $2.5285

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

R1 – 1,024.4
R2 – 1,025.2
R3 (Range Resistance – Sell) – 1,026.0
R4 (Long Breakout) – 1,028.3
R5 (Breakout Target 1) – 1,031.1
R6 (Breakout Target 2) – 1,032.2

S1 – 1,022.8
S2 – 1,022.0
S3 (Range Support – Buy) – 1,021.2
S4 (Short Breakout) – 1,018.9
S5 (Breakout Target 1) – 1,016.1
S6 (Breakout Target 2) – 1,015.0

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

R1 – 362.3
R2 – 362.7
R3 (Range Resistance – Sell) – 363.0
R4 (Long Breakout) – 364.1
R5 (Breakout Target 1) – 365.3
R6 (Breakout Target 2) – 365.8

S1 – 361.7
S2 – 361.3
S3 (Range Support – Buy) – 361.0
S4 (Short Breakout) – 359.9
S5 (Breakout Target 1) – 358.7
S6 (Breakout Target 2) – 358.2

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

R1 – 418.5
R2 – 419.0
R3 (Range Resistance – Sell) – 419.5
R4 (Long Breakout) – 421.0
R5 (Breakout Target 1) – 422.7
R6 (Breakout Target 2) – 423.5

S1 – 417.5
S2 – 417.0
S3 (Range Support – Buy) – 416.5
S4 (Short Breakout) – 415.0
S5 (Breakout Target 1) – 413.3
S6 (Breakout Target 2) – 412.5

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

R1 – $3.552
R2 – $3.563
R3 (Range Resistance – Sell) – $3.575
R4 (Long Breakout) – $3.610
R5 (Breakout Target 1) – $3.652
R6 (Breakout Target 2) – $3.672

S1 – $3.528
S2 – $3.517
S3 (Range Support – Buy) – $3.505
S4 (Short Breakout) – $3.470
S5 (Breakout Target 1) – $3.428
S6 (Breakout Target 2) – $3.408

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

R1 – $51.23
R2 – $51.43
R3 (Range Resistance – Sell) – $51.62
R4 (Long Breakout) – $52.20
R5 (Breakout Target 1) – $52.88
R6 (Breakout Target 2) – $53.17

S1 – $50.85
S2 – $50.65
S3 (Range Support – Buy) – $50.46
S4 (Short Breakout) – $49.88
S5 (Breakout Target 1) – $49.20
S6 (Breakout Target 2) – $48.91