Commodity Market: Support and Resistance Levels for Tuesday (October 25th 2016)

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

R1 – $17.643
R2 – $17.682
R3 (Range Resistance – Sell) – $17.721
R4 (Long Breakout) – $17.838
R5 (Breakout Target 1) – $17.937
R6 (Breakout Target 2) – $18.032

S1 – $17.565
S2 – $17.526
S3 (Range Support – Buy) – $17.487
S4 (Short Breakout) – $17.370
S5 (Breakout Target 1) – $17.234
S6 (Breakout Target 2) – $17.176

Copper (HG) for December delivery (1 Pound)

R1 – $2.0947
R2 – $2.0963
R3 (Range Resistance – Sell) – $2.0980
R4 (Long Breakout) – $2.1029
R5 (Breakout Target 1) – $2.1087
R6 (Breakout Target 2) – $2.1112

S1 – $2.0914
S2 – $2.0896
S3 (Range Support – Buy) – $2.0881
S4 (Short Breakout) – $2.0831
S5 (Breakout Target 1) – $2.0773
S6 (Breakout Target 2) – $2.0749

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

R1 – 993.8
R2 – 995.6
R3 (Range Resistance – Sell) – 997.4
R4 (Long Breakout) – 1002.8
R5 (Breakout Target 1) – 1009.1
R6 (Breakout Target 2) – 1011.8

S1 – 990.2
S2 – 988.4
S3 (Range Support – Buy) – 986.6
S4 (Short Breakout) – 981.2
S5 (Breakout Target 1) – 974.9
S6 (Breakout Target 2) – 972.2

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

R1 – 349.0
R2 – 349.7
R3 (Range Resistance – Sell) – 350.5
R4 (Long Breakout) – 352.7
R5 (Breakout Target 1) – 355.3
R6 (Breakout Target 2) – 356.4

S1 – 347.4
S2 – 346.7
S3 (Range Support – Buy) – 345.9
S4 (Short Breakout) – 343.7
S5 (Breakout Target 1) – 341.1
S6 (Breakout Target 2) – 340.0

Chicago Soft Red Winter Wheat (SRW) for December delivery (in US cents per 1 Bushel)

R1 – 403.9
R2 – 405.3
R3 (Range Resistance – Sell) – 406.8
R4 (Long Breakout) – 411.2
R5 (Breakout Target 1) – 416.3
R6 (Breakout Target 2) – 418.5

S1 – 400.9
S2 – 399.5
S3 (Range Support – Buy) – 398.0
S4 (Short Breakout) – 393.6
S5 (Breakout Target 1) – 388.5
S6 (Breakout Target 2) – 386.3

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

R1 – $3.328
R2 – $3.338
R3 (Range Resistance – Sell) – $3.347
R4 (Long Breakout) – $3.376
R5 (Breakout Target 1) – $3.409
R6 (Breakout Target 2) – $3.423

S1 – $3.310
S2 – $3.300
S3 (Range Support – Buy) – $3.291
S4 (Short Breakout) – $3.262
S5 (Breakout Target 1) – $3.229
S6 (Breakout Target 2) – $3.215

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

R1 – $50.64
R2 – $50.77
R3 (Range Resistance – Sell) – $50.89
R4 (Long Breakout) – $51.27
R5 (Breakout Target 1) – $51.70
R6 (Breakout Target 2) – $51.90

S1 – $50.40
S2 – $50.27
S3 (Range Support – Buy) – $50.15
S4 (Short Breakout) – $49.77
S5 (Breakout Target 1) – $49.34
S6 (Breakout Target 2) – $49.14