Commodity Market: Support and Resistance Levels for Monday (October 31st 2016)

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

R1 – $17.835
R2 – $17.875
R3 (Range Resistance – Sell) – $17.914
R4 (Long Breakout) – $18.033
R5 (Breakout Target 1) – $18.171
R6 (Breakout Target 2) – $18.233

S1 – $17.757
S2 – $17.717
S3 (Range Support – Buy) – $17.678
S4 (Short Breakout) – $17.560
S5 (Breakout Target 1) – $17.421
S6 (Breakout Target 2) – $17.359

Copper (HG) for December delivery (1 Pound)

R1 – $2.1973
R2 – $2.2010
R3 (Range Resistance – Sell) – $2.2048
R4 (Long Breakout) – $2.2161
R5 (Breakout Target 1) – $2.2292
R6 (Breakout Target 2) – $2.2352

S1 – $2.1897
S2 – $2.1860
S3 (Range Support – Buy) – $2.1822
S4 (Short Breakout) – $2.1710
S5 (Breakout Target 1) – $2.1578
S6 (Breakout Target 2) – $2.1518

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 1,013.7
R2 – 1,015.3
R3 (Range Resistance – Sell) – 1,017.0
R4 (Long Breakout) – 1,021.9
R5 (Breakout Target 1) – 1,027.7
R6 (Breakout Target 2) – 1,030.0

S1 – 1,010.4
S2 – 1,008.7
S3 (Range Support – Buy) – 1,007.1
S4 (Short Breakout) – 1,002.1
S5 (Breakout Target 1) – 996.3
S6 (Breakout Target 2) – 994.0

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

R1 – 355.4
R2 – 355.7
R3 (Range Resistance – Sell) – 356.1
R4 (Long Breakout) – 357.2
R5 (Breakout Target 1) – 358.5
R6 (Breakout Target 2) – 359.0

S1 – 354.6
S2 – 354.3
S3 (Range Support – Buy) – 353.9
S4 (Short Breakout) – 352.8
S5 (Breakout Target 1) – 351.5
S6 (Breakout Target 2) – 351.0

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

R1 – 409.3
R2 – 410.3
R3 (Range Resistance – Sell) – 411.2
R4 (Long Breakout) – 414.0
R5 (Breakout Target 1) – 417.3
R6 (Breakout Target 2) – 418.6

S1 – 407.5
S2 – 406.5
S3 (Range Support – Buy) – 405.6
S4 (Short Breakout) – 402.8
S5 (Breakout Target 1) – 399.5
S6 (Breakout Target 2) – 398.2

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

R1 – $3.115
R2 – $3.125
R3 (Range Resistance – Sell) – $3.135
R4 (Long Breakout) – $3.165
R5 (Breakout Target 1) – $3.200
R6 (Breakout Target 2) – $3.217

S1 – $3.095
S2 – $3.085
S3 (Range Support – Buy) – $3.075
S4 (Short Breakout) – $3.045
S5 (Breakout Target 1) – $3.010
S6 (Breakout Target 2) – $2.993

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

R1 – $48.83
R2 – $48.95
R3 (Range Resistance – Sell) – $49.08
R4 (Long Breakout) – $49.46
R5 (Breakout Target 1) – $49.91
R6 (Breakout Target 2) – $50.10

S1 – $48.57
S2 – $48.45
S3 (Range Support – Buy) – $48.32
S4 (Short Breakout) – $47.94
S5 (Breakout Target 1) – $47.49
S6 (Breakout Target 2) – $47.30