Commodity Market: Pivot Levels for Friday (January 27th 2017)

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

R1 – $16.884
R2 – $16.918
R3 (Range Resistance – Sell) – $16.952
R4 (Long Breakout) – $17.054
R5 (Breakout Target 1) – $17.172
R6 (Breakout Target 2) – $17.224

S1 – $16.816
S2 – $16.782
S3 (Range Support – Buy) – $16.748
S4 (Short Breakout) – $16.647
S5 (Breakout Target 1) – $16.528
S6 (Breakout Target 2) – $16.476

Copper (HG) for March delivery (1 Pound)

R1 – $2.6803
R2 – $2.6876
R3 (Range Resistance – Sell) – $2.6949
R4 (Long Breakout) – $2.7167
R5 (Breakout Target 1) – $2.7423
R6 (Breakout Target 2) – $2.7532

S1 – $2.6657
S2 – $2.6584
S3 (Range Support – Buy) – $2.6511
S4 (Short Breakout) – $2.6293
S5 (Breakout Target 1) – $2.6037
S6 (Breakout Target 2) – $2.5928

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

R1 – 1,050.6
R2 – 1,051.8
R3 (Range Resistance – Sell) – 1,053.0
R4 (Long Breakout) – 1,056.6
R5 (Breakout Target 1) – 1,060.7
R6 (Breakout Target 2) – 1,062.4

S1 – 1,048.2
S2 – 1,047.0
S3 (Range Support – Buy) – 1,045.8
S4 (Short Breakout) – 1,042.3
S5 (Breakout Target 1) – 1,038.1
S6 (Breakout Target 2) – 1,036.4

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

R1 – 364.0
R2 – 364.4
R3 (Range Resistance – Sell) – 364.9
R4 (Long Breakout) – 366.1
R5 (Breakout Target 1) – 367.6
R6 (Breakout Target 2) – 368.2

S1 – 363.2
S2 – 362.8
S3 (Range Support – Buy) – 362.3
S4 (Short Breakout) – 361.1
S5 (Breakout Target 1) – 359.6
S6 (Breakout Target 2) – 359.0

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

R1 – 427.8
R2 – 428.6
R3 (Range Resistance – Sell) – 429.4
R4 (Long Breakout) – 431.8
R5 (Breakout Target 1) – 434.7
R6 (Breakout Target 2) – 435.9

S1 – 426.2
S2 – 425.4
S3 (Range Support – Buy) – 424.6
S4 (Short Breakout) – 422.2
S5 (Breakout Target 1) – 419.3
S6 (Breakout Target 2) – 418.1

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

R1 – $3.409
R2 – $3.422
R3 (Range Resistance – Sell) – $3.434
R4 (Long Breakout) – $3.471
R5 (Breakout Target 1) – $3.515
R6 (Breakout Target 2) – $3.533

S1 – $3.385
S2 – $3.372
S3 (Range Support – Buy) – $3.360
S4 (Short Breakout) – $3.323
S5 (Breakout Target 1) – $3.279
S6 (Breakout Target 2) – $3.261

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

R1 – $53.90
R2 – $54.01
R3 (Range Resistance – Sell) – $54.13
R4 (Long Breakout) – $54.48
R5 (Breakout Target 1) – $54.89
R6 (Breakout Target 2) – $55.07

S1 – $53.66
S2 – $53.55
S3 (Range Support – Buy) – $53.43
S4 (Short Breakout) – $53.08
S5 (Breakout Target 1) – $52.67
S6 (Breakout Target 2) – $52.49