Commodity Market: Support and Resistance Levels for Wednesday (October 19th 2016)

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

R1 – $17.663
R2 – $17.688
R3 (Range Resistance – Sell) – $17.714
R4 (Long Breakout) – $17.789
R5 (Breakout Target 1) – $17.878
R6 (Breakout Target 2) – $17.916

S1 – $17.613
S2 – $17.588
S3 (Range Support – Buy) – $17.562
S4 (Short Breakout) – $17.487
S5 (Breakout Target 1) – $17.398
S6 (Breakout Target 2) – $17.360

Copper (HG) for December delivery (1 Pound)

R1 – $2.1084
R2 – $2.1113
R3 (Range Resistance – Sell) – $2.1142
R4 (Long Breakout) – $2.1228
R5 (Breakout Target 1) – $2.1329
R6 (Breakout Target 2) – $2.1372

S1 – $2.1026
S2 – $2.0997
S3 (Range Support – Buy) – $2.0968
S4 (Short Breakout) – $2.0882
S5 (Breakout Target 1) – $2.0781
S6 (Breakout Target 2) – $2.0738

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

R1 – 973.8
R2 – 975.3
R3 (Range Resistance – Sell) – 976.7
R4 (Long Breakout) – 981.0
R5 (Breakout Target 1) – 986.0
R6 (Breakout Target 2) – 988.0

S1 – 971.0
S2 – 969.5
S3 (Range Support – Buy) – 968.1
S4 (Short Breakout) – 963.8
S5 (Breakout Target 1) – 958.8
S6 (Breakout Target 2) – 956.8

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

R1 – 354.2
R2 – 354.7
R3 (Range Resistance – Sell) – 355.3
R4 (Long Breakout) – 356.9
R5 (Breakout Target 1) – 358.8
R6 (Breakout Target 2) – 359.6

S1 – 353.1
S2 – 352.5
S3 (Range Support – Buy) – 352.0
S4 (Short Breakout) – 350.3
S5 (Breakout Target 1) – 348.4
S6 (Breakout Target 2) – 347.6

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

R1 – $3.269
R2 – $3.276
R3 (Range Resistance – Sell) – $3.282
R4 (Long Breakout) – $3.301
R5 (Breakout Target 1) – $3.323
R6 (Breakout Target 2) – $3.332

S1 – $3.257
S2 – $3.250
S3 (Range Support – Buy) – $3.244
S4 (Short Breakout) – $3.225
S5 (Breakout Target 1) – $3.203
S6 (Breakout Target 2) – $3.194

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

R1 – $50.38
R2 – $50.48
R3 (Range Resistance – Sell) – $50.57
R4 (Long Breakout) – $50.85
R5 (Breakout Target 1) – $51.18
R6 (Breakout Target 2) – $51.32

S1 – $50.20
S2 – $50.10
S3 (Range Support – Buy) – $50.01
S4 (Short Breakout) – $49.73
S5 (Breakout Target 1) – $49.40
S6 (Breakout Target 2) – $49.26