Commodity Market: Support and Resistance Levels for Thursday (October 20th 2016)

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

R1 – $17.683
R2 – $17.703
R3 (Range Resistance – Sell) – $17.724
R4 (Long Breakout) – $17.784
R5 (Breakout Target 1) – $17.855
R6 (Breakout Target 2) – $17.884

S1 – $17.643
S2 – $17.623
S3 (Range Support – Buy) – $17.603
S4 (Short Breakout) – $17.542
S5 (Breakout Target 1) – $17.471
S6 (Breakout Target 2) – $17.442

Copper (HG) for December delivery (1 Pound)

R1 – $2.1057
R2 – $2.1078
R3 (Range Resistance – Sell) – $2.1100
R4 (Long Breakout) – $2.1164
R5 (Breakout Target 1) – $2.1240
R6 (Breakout Target 2) – $2.1272

S1 – $2.1013
S2 – $2.0992
S3 (Range Support – Buy) – $2.0970
S4 (Short Breakout) – $2.0906
S5 (Breakout Target 1) – $2.0830
S6 (Breakout Target 2) – $2.0798

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

R1 – 982.5
R2 – 983.5
R3 (Range Resistance – Sell) – 984.6
R4 (Long Breakout) – 987.8
R5 (Breakout Target 1) – 991.5
R6 (Breakout Target 2) – 993.1

S1 – 980.3
S2 – 979.3
S3 (Range Support – Buy) – 978.2
S4 (Short Breakout) – 975.0
S5 (Breakout Target 1) – 971.3
S6 (Breakout Target 2) – 969.7

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

R1 – 358.0
R2 – 358.7
R3 (Range Resistance – Sell) – 359.3
R4 (Long Breakout) – 361.3
R5 (Breakout Target 1) – 363.5
R6 (Breakout Target 2) – 364.5

S1 – 356.8
S2 – 356.1
S3 (Range Support – Buy) – 355.5
S4 (Short Breakout) – 353.6
S5 (Breakout Target 1) – 351.3
S6 (Breakout Target 2) – 350.3

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

R1 – $3.181
R2 – $3.191
R3 (Range Resistance – Sell) – $3.202
R4 (Long Breakout) – $3.234
R5 (Breakout Target 1) – $3.272
R6 (Breakout Target 2) – $3.288

S1 – $3.159
S2 – $3.149
S3 (Range Support – Buy) – $3.138
S4 (Short Breakout) – $3.106
S5 (Breakout Target 1) – $3.068
S6 (Breakout Target 2) – $3.052

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

R1 – $51.93
R2 – $52.04
R3 (Range Resistance – Sell) – $52.15
R4 (Long Breakout) – $52.49
R5 (Breakout Target 1) – $52.87
R6 (Breakout Target 2) – $53.05

S1 – $51.71
S2 – $51.60
S3 (Range Support – Buy) – $51.49
S4 (Short Breakout) – $51.15
S5 (Breakout Target 1) – $50.77
S6 (Breakout Target 2) – $50.59