Commodity Market: Support and Resistance Levels for Friday (October 28th 2016)

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

R1 – $17.656
R2 – $17.672
R3 (Range Resistance – Sell) – $17.689
R4 (Long Breakout) – $17.738
R5 (Breakout Target 1) – $17.796
R6 (Breakout Target 2) – $17.820

S1 – $17.623
S2 – $17.606
S3 (Range Support – Buy) – $17.590
S4 (Short Breakout) – $17.540
S5 (Breakout Target 1) – $17.482
S6 (Breakout Target 2) – $17.458

Copper (HG) for December delivery (1 Pound)

R1 – $2.1668
R2 – $2.1702
R3 (Range Resistance – Sell) – $2.1735
R4 (Long Breakout) – $2.1836
R5 (Breakout Target 1) – $2.1953
R6 (Breakout Target 2) – $2.2006

S1 – $2.1602
S2 – $2.1568
S3 (Range Support – Buy) – $2.1535
S4 (Short Breakout) – $2.1434
S5 (Breakout Target 1) – $2.1317
S6 (Breakout Target 2) – $2.1264

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

R1 – 1,015.8
R2 – 1,017.4
R3 (Range Resistance – Sell) – 1,019.0
R4 (Long Breakout) – 1,023.8
R5 (Breakout Target 1) – 1,029.4
R6 (Breakout Target 2) – 1,031.8

S1 – 1,012.6
S2 – 1,011.0
S3 (Range Support – Buy) – 1,009.4
S4 (Short Breakout) – 1,004.6
S5 (Breakout Target 1) – 999.0
S6 (Breakout Target 2) – 996.6

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

R1 – 358.0
R2 – 358.5
R3 (Range Resistance – Sell) – 359.1
R4 (Long Breakout) – 360.8
R5 (Breakout Target 1) – 362.8
R6 (Breakout Target 2) – 363.7

S1 – 356.8
S2 – 356.3
S3 (Range Support – Buy) – 355.7
S4 (Short Breakout) – 354.0
S5 (Breakout Target 1) – 352.0
S6 (Breakout Target 2) – 351.1

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

R1 – 415.1
R2 – 415.8
R3 (Range Resistance – Sell) – 416.4
R4 (Long Breakout) – 418.5
R5 (Breakout Target 1) – 420.8
R6 (Breakout Target 2) – 421.9

S1 – 413.7
S2 – 413.0
S3 (Range Support – Buy) – 412.4
S4 (Short Breakout) – 410.3
S5 (Breakout Target 1) – 408.0
S6 (Breakout Target 2) – 406.9

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

R1 – $3.077
R2 – $3.087
R3 (Range Resistance – Sell) – $3.096
R4 (Long Breakout) – $3.125
R5 (Breakout Target 1) – $3.158
R6 (Breakout Target 2) – $3.173

S1 – $3.059
S2 – $3.049
S3 (Range Support – Buy) – $3.040
S4 (Short Breakout) – $3.011
S5 (Breakout Target 1) – $2.978
S6 (Breakout Target 2) – $2.963

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

R1 – $49.82
R2 – $49.91
R3 (Range Resistance – Sell) – $50.01
R4 (Long Breakout) – $50.30
R5 (Breakout Target 1) – $50.64
R6 (Breakout Target 2) – $50.80

S1 – $49.62
S2 – $49.53
S3 (Range Support – Buy) – $49.43
S4 (Short Breakout) – $49.14
S5 (Breakout Target 1) – $48.80
S6 (Breakout Target 2) – $48.64