Commodity Market: Pivot Levels for Monday (February 6th 2017)

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

R1 – $17.505
R2 – $17.530
R3 (Range Resistance – Sell) – $17.556
R4 (Long Breakout) – $17.633
R5 (Breakout Target 1) – $17.723
R6 (Breakout Target 2) – $17.763

S1 – $17.453
S2 – $17.428
S3 (Range Support – Buy) – $17.402
S4 (Short Breakout) – $17.325
S5 (Breakout Target 1) – $17.235
S6 (Breakout Target 2) – $17.195

Copper (HG) for March delivery (1 Pound)

R1 – $2.6235
R2 – $2.6310
R3 (Range Resistance – Sell) – $2.6386
R4 (Long Breakout) – $2.6611
R5 (Breakout Target 1) – $2.6874
R6 (Breakout Target 2) – $2.6981

S1 – $2.6085
S2 – $2.6010
S3 (Range Support – Buy) – $2.5935
S4 (Short Breakout) – $2.5709
S5 (Breakout Target 1) – $2.5446
S6 (Breakout Target 2) – $2.5339

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

R1 – 1,028.7
R2 – 1,030.3
R3 (Range Resistance – Sell) – 1,032.0
R4 (Long Breakout) – 1,036.9
R5 (Breakout Target 1) – 1,042.7
R6 (Breakout Target 2) – 1,045.0

S1 – 1,025.4
S2 – 1,023.7
S3 (Range Support – Buy) – 1,022.1
S4 (Short Breakout) – 1,017.1
S5 (Breakout Target 1) – 1,011.3
S6 (Breakout Target 2) – 1,009.0

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

R1 – 365.5
R2 – 365.9
R3 (Range Resistance – Sell) – 366.2
R4 (Long Breakout) – 367.2
R5 (Breakout Target 1) – 368.3
R6 (Breakout Target 2) – 368.8

S1 – 364.9
S2 – 364.5
S3 (Range Support – Buy) – 364.2
S4 (Short Breakout) – 363.2
S5 (Breakout Target 1) – 362.1
S6 (Breakout Target 2) – 361.6

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

R1 – 430.8
R2 – 431.4
R3 (Range Resistance – Sell) – 432.0
R4 (Long Breakout) – 433.7
R5 (Breakout Target 1) – 435.8
R6 (Breakout Target 2) – 436.6

S1 – 429.6
S2 – 429.0
S3 (Range Support – Buy) – 428.4
S4 (Short Breakout) – 426.7
S5 (Breakout Target 1) – 424.6
S6 (Breakout Target 2) – 423.8

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

R1 – $3.078
R2 – $3.092
R3 (Range Resistance – Sell) – $3.107
R4 (Long Breakout) – $3.150
R5 (Breakout Target 1) – $3.202
R6 (Breakout Target 2) – $3.223

S1 – $3.048
S2 – $3.034
S3 (Range Support – Buy) – $3.019
S4 (Short Breakout) – $2.976
S5 (Breakout Target 1) – $2.924
S6 (Breakout Target 2) – $2.903

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

R1 – $53.91
R2 – $53.98
R3 (Range Resistance – Sell) – $54.06
R4 (Long Breakout) – $54.28
R5 (Breakout Target 1) – $54.54
R6 (Breakout Target 2) – $54.66

S1 – $53.75
S2 – $53.68
S3 (Range Support – Buy) – $53.60
S4 (Short Breakout) – $53.38
S5 (Breakout Target 1) – $53.12
S6 (Breakout Target 2) – $53.00