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

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 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

Related News