Commodity Market: Pivot Levels for Wednesday (January 25th 2017)

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

R1 – $17.211
R2 – $17.237
R3 (Range Resistance – Sell) – $17.263
R4 (Long Breakout) – $17.342
R5 (Breakout Target 1) – $17.433
R6 (Breakout Target 2) – $17.473

S1 – $17.159
S2 – $17.133
S3 (Range Support – Buy) – $17.107
S4 (Short Breakout) – $17.028
S5 (Breakout Target 1) – $16.937
S6 (Breakout Target 2) – $16.897

Copper (HG) for March delivery (1 Pound)

R1 – $2.7155
R2 – $2.7224
R3 (Range Resistance – Sell) – $2.7294
R4 (Long Breakout) – $2.7503
R5 (Breakout Target 1) – $2.7747
R6 (Breakout Target 2) – $2.7865

S1 – $2.7015
S2 – $2.6946
S3 (Range Support – Buy) – $2.6876
S4 (Short Breakout) – $2.6667
S5 (Breakout Target 1) – $2.6423
S6 (Breakout Target 2) – $2.6305

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

R1 – 1,059.9
R2 – 1,061.5
R3 (Range Resistance – Sell) – 1,063.0
R4 (Long Breakout) – 1,067.6
R5 (Breakout Target 1) – 1,073.0
R6 (Breakout Target 2) – 1,075.3

S1 – 1,056.9
S2 – 1,055.3
S3 (Range Support – Buy) – 1,053.8
S4 (Short Breakout) – 1,049.2
S5 (Breakout Target 1) – 1,043.8
S6 (Breakout Target 2) – 1,041.5

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

R1 – 364.0
R2 – 364.8
R3 (Range Resistance – Sell) – 365.6
R4 (Long Breakout) – 368.0
R5 (Breakout Target 1) – 370.9
R6 (Breakout Target 2) – 372.0

S1 – 362.4
S2 – 361.6
S3 (Range Support – Buy) – 360.8
S4 (Short Breakout) – 358.4
S5 (Breakout Target 1) – 355.5
S6 (Breakout Target 2) – 354.4

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

R1 – 427.4
R2 – 428.2
R3 (Range Resistance – Sell) – 429.0
R4 (Long Breakout) – 431.3
R5 (Breakout Target 1) – 434.1
R6 (Breakout Target 2) – 435.2

S1 – 425.8
S2 – 425.0
S3 (Range Support – Buy) – 424.2
S4 (Short Breakout) – 421.9
S5 (Breakout Target 1) – 419.1
S6 (Breakout Target 2) – 418.0

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

R1 – $3.303
R2 – $3.310
R3 (Range Resistance – Sell) – $3.318
R4 (Long Breakout) – $3.341
R5 (Breakout Target 1) – $3.367
R6 (Breakout Target 2) – $3.379

S1 – $3.287
S2 – $3.280
S3 (Range Support – Buy) – $3.272
S4 (Short Breakout) – $3.249
S5 (Breakout Target 1) – $3.223
S6 (Breakout Target 2) – $3.211

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

R1 – $53.26
R2 – $53.34
R3 (Range Resistance – Sell) – $53.42
R4 (Long Breakout) – $53.67
R5 (Breakout Target 1) – $53.96
R6 (Breakout Target 2) – $54.08

S1 – $53.10
S2 – $53.02
S3 (Range Support – Buy) – $52.94
S4 (Short Breakout) – $52.69
S5 (Breakout Target 1) – $52.40
S6 (Breakout Target 2) – $52.28