Commodity Market: Support and Resistance Levels for Friday (October 21st 2016)

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

R1 – $17.576
R2 – $17.603
R3 (Range Resistance – Sell) – $17.630
R4 (Long Breakout) – $17.711
R5 (Breakout Target 1) – $17.806
R6 (Breakout Target 2) – $17.846

S1 – $17.522
S2 – $17.495
S3 (Range Support – Buy) – $17.468
S4 (Short Breakout) – $17.387
S5 (Breakout Target 1) – $17.292
S6 (Breakout Target 2) – $17.252

Copper (HG) for December delivery (1 Pound)

R1 – $2.0985
R2 – $2.1010
R3 (Range Resistance – Sell) – $2.1034
R4 (Long Breakout) – $2.1109
R5 (Breakout Target 1) – $2.1195
R6 (Breakout Target 2) – $2.1231

S1 – $2.0935
S2 – $2.0911
S3 (Range Support – Buy) – $2.0886
S4 (Short Breakout) – $2.0812
S5 (Breakout Target 1) – $2.0725
S6 (Breakout Target 2) – $2.0689

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

R1 – 976.9
R2 – 978.4
R3 (Range Resistance – Sell) – 979.9
R4 (Long Breakout) – 984.4
R5 (Breakout Target 1) – 989.7
R6 (Breakout Target 2) – 991.8

S1 – 973.9
S2 – 972.4
S3 (Range Support – Buy) – 970.9
S4 (Short Breakout) – 966.4
S5 (Breakout Target 1) – 961.1
S6 (Breakout Target 2) – 959.0

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

R1 – 351.9
R2 – 352.8
R3 (Range Resistance – Sell) – 353.8
R4 (Long Breakout) – 356.5
R5 (Breakout Target 1) – 359.7
R6 (Breakout Target 2) – 361.1

S1 – 350.1
S2 – 349.2
S3 (Range Support – Buy) – 348.3
S4 (Short Breakout) – 345.5
S5 (Breakout Target 1) – 342.3
S6 (Breakout Target 2) – 340.9

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

R1 – $3.150
R2 – $3.159
R3 (Range Resistance – Sell) – $3.169
R4 (Long Breakout) – $3.196
R5 (Breakout Target 1) – $3.228
R6 (Breakout Target 2) – $3.242

S1 – $3.132
S2 – $3.123
S3 (Range Support – Buy) – $3.114
S4 (Short Breakout) – $3.086
S5 (Breakout Target 1) – $3.054
S6 (Breakout Target 2) – $3.040

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

R1 – $50.76
R2 – $50.88
R3 (Range Resistance – Sell) – $51.01
R4 (Long Breakout) – $51.39
R5 (Breakout Target 1) – $51.84
R6 (Breakout Target 2) – $52.03

S1 – $50.50
S2 – $50.38
S3 (Range Support – Buy) – $50.25
S4 (Short Breakout) – $49.87
S5 (Breakout Target 1) – $49.42
S6 (Breakout Target 2) – $49.23