Commodity Market: Pivot Levels for Tuesday (January 10th 2017)

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

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

R1 – $16.709
R2 – $16.734
R3 (Range Resistance – Sell) – $16.760
R4 (Long Breakout) – $16.837
R5 (Breakout Target 1) – $16.927
R6 (Breakout Target 2) – $16.967

S1 – $16.657
S2 – $16.632
S3 (Range Support – Buy) – $16.606
S4 (Short Breakout) – $16.529
S5 (Breakout Target 1) – $16.439
S6 (Breakout Target 2) – $16.399

Copper (HG) for March delivery (1 Pound)

R1 – $2.5413
R2 – $2.5442
R3 (Range Resistance – Sell) – $2.5470
R4 (Long Breakout) – $2.5556
R5 (Breakout Target 1) – $2.5655
R6 (Breakout Target 2) – $2.5697

S1 – $2.5357
S2 – $2.5328
S3 (Range Support – Buy) – $2.5300
S4 (Short Breakout) – $2.5215
S5 (Breakout Target 1) – $2.5115
S6 (Breakout Target 2) – $2.5073

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

R1 – 1,006.4
R2 – 1,007.5
R3 (Range Resistance – Sell) – 1,008.7
R4 (Long Breakout) – 1,012.1
R5 (Breakout Target 1) – 1,016.2
R6 (Breakout Target 2) – 1,017.9

S1 – 1,004.0
S2 – 1,002.9
S3 (Range Support – Buy) – 1,001.7
S4 (Short Breakout) – 998.3
S5 (Breakout Target 1) – 994.2
S6 (Breakout Target 2) – 992.5

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

R1 – 360.5
R2 – 361.0
R3 (Range Resistance – Sell) – 361.5
R4 (Long Breakout) – 363.0
R5 (Breakout Target 1) – 364.7
R6 (Breakout Target 2) – 365.5

S1 – 359.5
S2 – 359.0
S3 (Range Support – Buy) – 358.5
S4 (Short Breakout) – 357.0
S5 (Breakout Target 1) – 355.3
S6 (Breakout Target 2) – 354.5

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

R1 – 427.9
R2 – 428.5
R3 (Range Resistance – Sell) – 429.2
R4 (Long Breakout) – 431.2
R5 (Breakout Target 1) – 433.5
R6 (Breakout Target 2) – 434.5

S1 – 426.5
S2 – 425.9
S3 (Range Support – Buy) – 425.2
S4 (Short Breakout) – 423.2
S5 (Breakout Target 1) – 420.9
S6 (Breakout Target 2) – 419.9

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

R1 – $3.119
R2 – $3.135
R3 (Range Resistance – Sell) – $3.152
R4 (Long Breakout) – $3.200
R5 (Breakout Target 1) – $3.257
R6 (Breakout Target 2) – $3.280

S1 – $3.087
S2 – $3.071
S3 (Range Support – Buy) – $3.054
S4 (Short Breakout) – $3.006
S5 (Breakout Target 1) – $2.949
S6 (Breakout Target 2) – $2.926

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

R1 – $52.15
R2 – $52.34
R3 (Range Resistance – Sell) – $52.53
R4 (Long Breakout) – $53.10
R5 (Breakout Target 1) – $53.76
R6 (Breakout Target 2) – $54.04

S1 – $51.77
S2 – $51.58
S3 (Range Support – Buy) – $51.39
S4 (Short Breakout) – $50.82
S5 (Breakout Target 1) – $50.16
S6 (Breakout Target 2) – $49.88

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