Commodity Market: Pivot Levels for Monday (February 20th 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 – $18.041
R2 – $18.053
R3 (Range Resistance – Sell) – $18.064
R4 (Long Breakout) – $18.100
R5 (Breakout Target 1) – $18.139
R6 (Breakout Target 2) – $18.155

S1 – $18.019
S2 – $18.007
S3 (Range Support – Buy) – $17.996
S4 (Short Breakout) – $17.961
S5 (Breakout Target 1) – $17.921
S6 (Breakout Target 2) – $17.905

Copper (HG) for March delivery (1 Pound)

R1 – $2.7122
R2 – $2.7175
R3 (Range Resistance – Sell) – $2.7227
R4 (Long Breakout) – $2.7384
R5 (Breakout Target 1) – $2.7567
R6 (Breakout Target 2) – $2.7646

S1 – $2.7018
S2 – $2.6966
S3 (Range Support – Buy) – $2.6913
S4 (Short Breakout) – $2.6757
S5 (Breakout Target 1) – $2.6573
S6 (Breakout Target 2) – $2.6494

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

R1 – 1,033.8
R2 – 1,035.2
R3 (Range Resistance – Sell) – 1,036.6
R4 (Long Breakout) – 1,040.8
R5 (Breakout Target 1) – 1,045.6
R6 (Breakout Target 2) – 1,047.6

S1 – 1,031.0
S2 – 1,029.6
S3 (Range Support – Buy) – 1,028.2
S4 (Short Breakout) – 1,024.0
S5 (Breakout Target 1) – 1,019.2
S6 (Breakout Target 2) – 1,017.2

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

R1 – 368.7
R2 – 369.2
R3 (Range Resistance – Sell) – 369.6
R4 (Long Breakout) – 371.1
R5 (Breakout Target 1) – 372.7
R6 (Breakout Target 2) – 373.4

S1 – 367.7
S2 – 367.2
S3 (Range Support – Buy) – 366.8
S4 (Short Breakout) – 365.3
S5 (Breakout Target 1) – 363.7
S6 (Breakout Target 2) – 363.0

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

R1 – 441.7
R2 – 442.3
R3 (Range Resistance – Sell) – 443.0
R4 (Long Breakout) – 445.0
R5 (Breakout Target 1) – 447.3
R6 (Breakout Target 2) – 448.2

S1 – 440.3
S2 – 439.7
S3 (Range Support – Buy) – 439.0
S4 (Short Breakout) – 437.0
S5 (Breakout Target 1) – 434.7
S6 (Breakout Target 2) – 433.8

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

R1 – $2.955
R2 – $2.960
R3 (Range Resistance – Sell) – $2.964
R4 (Long Breakout) – $2.977
R5 (Breakout Target 1) – $2.992
R6 (Breakout Target 2) – $2.998

S1 – $2.947
S2 – $2.942
S3 (Range Support – Buy) – $2.938
S4 (Short Breakout) – $2.925
S5 (Breakout Target 1) – $2.910
S6 (Breakout Target 2) – $2.904

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

R1 – $53.84
R2 – $53.89
R3 (Range Resistance – Sell) – $53.95
R4 (Long Breakout) – $54.12
R5 (Breakout Target 1) – $54.32
R6 (Breakout Target 2) – $54.41

S1 – $53.72
S2 – $53.67
S3 (Range Support – Buy) – $53.61
S4 (Short Breakout) – $53.44
S5 (Breakout Target 1) – $53.24
S6 (Breakout Target 2) – $53.15

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