fbpx

Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Commodity Market: Pivot Levels for Tuesday (February 28th 2017)

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

R1 – $18.442
R2 – $18.467
R3 (Range Resistance – Sell) – $18.493
R4 (Long Breakout) – $18.568
R5 (Breakout Target 1) – $18.657
R6 (Breakout Target 2) – $18.694

S1 – $18.392
S2 – $18.367
S3 (Range Support – Buy) – $18.341
S4 (Short Breakout) – $18.266
S5 (Breakout Target 1) – $18.177
S6 (Breakout Target 2) – $18.140

Copper (HG) for May delivery (1 Pound)

R1 – $2.7013
R2 – $2.7047
R3 (Range Resistance – Sell) – $2.7080
R4 (Long Breakout) – $2.7181
R5 (Breakout Target 1) – $2.7298
R6 (Breakout Target 2) – $2.7349

S1 – $2.6947
S2 – $2.6913
S3 (Range Support – Buy) – $2.6880
S4 (Short Breakout) – $2.6779
S5 (Breakout Target 1) – $2.6662
S6 (Breakout Target 2) – $2.6611

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

R1 – 1,023.1
R2 – 1,024.2
R3 (Range Resistance – Sell) – 1,025.4
R4 (Long Breakout) – 1,028.7
R5 (Breakout Target 1) – 1,032.6
R6 (Breakout Target 2) – 1,034.3

S1 – 1,020.9
S2 – 1,019.8
S3 (Range Support – Buy) – 1,018.6
S4 (Short Breakout) – 1,015.3
S5 (Breakout Target 1) – 1,011.4
S6 (Breakout Target 2) – 1,009.7

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

R1 – 439.5
R2 – 440.4
R3 (Range Resistance – Sell) – 441.2
R4 (Long Breakout) – 443.9
R5 (Breakout Target 1) – 447.0
R6 (Breakout Target 2) – 448.2

S1 – 437.7
S2 – 436.8
S3 (Range Support – Buy) – 436.0
S4 (Short Breakout) – 433.3
S5 (Breakout Target 1) – 430.2
S6 (Breakout Target 2) – 429.0

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

R1 – $2.699
R2 – $2.704
R3 (Range Resistance – Sell) – $2.710
R4 (Long Breakout) – $2.727
R5 (Breakout Target 1) – $2.747
R6 (Breakout Target 2) – $2.756

S1 – $2.687
S2 – $2.682
S3 (Range Support – Buy) – $2.676
S4 (Short Breakout) – $2.659
S5 (Breakout Target 1) – $2.639
S6 (Breakout Target 2) – $2.630

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

R1 – $54.11
R2 – $54.17
R3 (Range Resistance – Sell) – $54.23
R4 (Long Breakout) – $54.42
R5 (Breakout Target 1) – $54.63
R6 (Breakout Target 2) – $54.72

S1 – $53.99
S2 – $53.93
S3 (Range Support – Buy) – $53.87
S4 (Short Breakout) – $53.68
S5 (Breakout Target 1) – $53.47
S6 (Breakout Target 2) – $53.38

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News