Commodity Market: Support and Resistance Levels for Friday (October 21st 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 – $17.576
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

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