Commodity Market: Pivot Levels for Wednesday (January 4th 2017)

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

R1 – $16.465
R2 – $16.522
R3 (Range Resistance – Sell) – $16.578
R4 (Long Breakout) – $16.747
R5 (Breakout Target 1) – $16.945
R6 (Breakout Target 2) – $17.042

S1 – $16.353
S2 – $16.296
S3 (Range Support – Buy) – $16.240
S4 (Short Breakout) – $16.071
S5 (Breakout Target 1) – $15.873
S6 (Breakout Target 2) – $15.776

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

R1 – $2.4947
R2 – $2.5005
R3 (Range Resistance – Sell) – $2.5062
R4 (Long Breakout) – $2.5234
R5 (Breakout Target 1) – $2.5435
R6 (Breakout Target 2) – $2.5516

S1 – $2.4833
S2 – $2.4775
S3 (Range Support – Buy) – $2.4718
S4 (Short Breakout) – $2.4546
S5 (Breakout Target 1) – $2.4346
S6 (Breakout Target 2) – $2.4264

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

R1 – 996.6
R2 – 998.2
R3 (Range Resistance – Sell) – 999.7
R4 (Long Breakout) – 1,004.5
R5 (Breakout Target 1) – 1,010.0
R6 (Breakout Target 2) – 1,012.2

S1 – 993.4
S2 – 991.8
S3 (Range Support – Buy) – 990.3
S4 (Short Breakout) – 985.5
S5 (Breakout Target 1) – 980.0
S6 (Breakout Target 2) – 977.8

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

R1 – 356.2
R2 – 356.9
R3 (Range Resistance – Sell) – 357.5
R4 (Long Breakout) – 359.5
R5 (Breakout Target 1) – 361.7
R6 (Breakout Target 2) – 362.7

S1 – 355.0
S2 – 354.3
S3 (Range Support – Buy) – 353.7
S4 (Short Breakout) – 351.8
S5 (Breakout Target 1) – 349.5
S6 (Breakout Target 2) – 348.5

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

R1 – 407.2
R2 – 407.9
R3 (Range Resistance – Sell) – 408.7
R4 (Long Breakout) – 411.0
R5 (Breakout Target 1) – 413.7
R6 (Breakout Target 2) – 414.8

S1 – 405.6
S2 – 404.9
S3 (Range Support – Buy) – 404.1
S4 (Short Breakout) – 401.8
S5 (Breakout Target 1) – 399.1
S6 (Breakout Target 2) – 398.0

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

R1 – $3.355
R2 – $3.382
R3 (Range Resistance – Sell) – $3.410
R4 (Long Breakout) – $3.493
R5 (Breakout Target 1) – $3.589
R6 (Breakout Target 2) – $3.634

S1 – $3.298
S2 – $3.272
S3 (Range Support – Buy) – $3.244
S4 (Short Breakout) – $3.161
S5 (Breakout Target 1) – $3.065
S6 (Breakout Target 2) – $3.020

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

R1 – $52.62
R2 – $52.90
R3 (Range Resistance – Sell) – $53.19
R4 (Long Breakout) – $54.05
R5 (Breakout Target 1) – $55.06
R6 (Breakout Target 2) – $55.47

S1 – $52.04
S2 – $51.76
S3 (Range Support – Buy) – $51.47
S4 (Short Breakout) – $50.61
S5 (Breakout Target 1) – $49.60
S6 (Breakout Target 2) – $49.19