Commodity Market: Pivot Levels for Thursday (July 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 September delivery (1 Troy Ounce)

R1 – $16.317
R2 – $16.337
R3 (Range Resistance – Sell) – $16.358
R4 (Long Breakout) – $16.418
R5 (Breakout Target 1) – $16.489
R6 (Breakout Target 2) – $16.519

S1 – $16.277
S2 – $16.257
S3 (Range Support – Buy) – $16.237
S4 (Short Breakout) – $16.176
S5 (Breakout Target 1) – $16.105
S6 (Breakout Target 2) – $16.075

Copper (HG) for September delivery (1 Pound)

R1 – $2.7132
R2 – $2.7159
R3 (Range Resistance – Sell) – $2.7186
R4 (Long Breakout) – $2.7267
R5 (Breakout Target 1) – $2.7362
R6 (Breakout Target 2) – $2.7400

S1 – $2.7078
S2 – $2.7051
S3 (Range Support – Buy) – $2.7024
S4 (Short Breakout) – $2.6943
S5 (Breakout Target 1) – $2.6848
S6 (Breakout Target 2) – $2.6810

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

R1 – 1,001.5
R2 – 1,003.3
R3 (Range Resistance – Sell) – 1,005.2
R4 (Long Breakout) – 1,010.7
R5 (Breakout Target 1) – 1,017.2
R6 (Breakout Target 2) – 1,020.1

S1 – 997.7
S2 – 995.9
S3 (Range Support – Buy) – 994.0
S4 (Short Breakout) – 988.5
S5 (Breakout Target 1) – 982.0
S6 (Breakout Target 2) – 979.1

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

R1 – 383.8
R2 – 385.1
R3 (Range Resistance – Sell) – 386.5
R4 (Long Breakout) – 390.5
R5 (Breakout Target 1) – 395.3
R6 (Breakout Target 2) – 397.5

S1 – 381.0
S2 – 379.7
S3 (Range Support – Buy) – 378.3
S4 (Short Breakout) – 374.3
S5 (Breakout Target 1) – 369.5
S6 (Breakout Target 2) – 367.3

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

R1 – 503.8
R2 – 504.7
R3 (Range Resistance – Sell) – 505.5
R4 (Long Breakout) – 508.0
R5 (Breakout Target 1) – 510.8
R6 (Breakout Target 2) – 512.1

S1 – 502.2
S2 – 501.4
S3 (Range Support – Buy) – 500.5
S4 (Short Breakout) – 498.1
S5 (Breakout Target 1) – 495.2
S6 (Breakout Target 2) – 493.9

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

R1 – $3.070
R2 – $3.074
R3 (Range Resistance – Sell) – $3.077
R4 (Long Breakout) – $3.089
R5 (Breakout Target 1) – $3.102
R6 (Breakout Target 2) – $3.107

S1 – $3.062
S2 – $3.058
S3 (Range Support – Buy) – $3.055
S4 (Short Breakout) – $3.043
S5 (Breakout Target 1) – $3.030
S6 (Breakout Target 2) – $3.025

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

R1 – $47.42
R2 – $47.53
R3 (Range Resistance – Sell) – $47.63
R4 (Long Breakout) – $47.95
R5 (Breakout Target 1) – $48.31
R6 (Breakout Target 2) – $48.48

S1 – $47.22
S2 – $47.11
S3 (Range Support – Buy) – $47.01
S4 (Short Breakout) – $46.69
S5 (Breakout Target 1) – $46.33
S6 (Breakout Target 2) – $46.16

Related News