Commodity Market: Support and Resistance Levels for Tuesday (November 1st 2016)

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

R1 – $17.812
R2 – $17.827
R3 (Range Resistance – Sell) – $17.843
R4 (Long Breakout) – $17.890
R5 (Breakout Target 1) – $17.944
R6 (Breakout Target 2) – $17.966

S1 – $17.780
S2 – $17.765
S3 (Range Support – Buy) – $17.749
S4 (Short Breakout) – $17.703
S5 (Breakout Target 1) – $17.648
S6 (Breakout Target 2) – $17.626

Copper (HG) for December delivery (1 Pound)

R1 – $2.2077
R2 – $2.2104
R3 (Range Resistance – Sell) – $2.2131
R4 (Long Breakout) – $2.2212
R5 (Breakout Target 1) – $2.2307
R6 (Breakout Target 2) – $2.2348

S1 – $2.2023
S2 – $2.1996
S3 (Range Support – Buy) – $2.1969
S4 (Short Breakout) – $2.1888
S5 (Breakout Target 1) – $2.1793
S6 (Breakout Target 2) – $2.1752

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

R1 – 1,012.7
R2 – 1,013.8
R3 (Range Resistance – Sell) – 1,014.9
R4 (Long Breakout) – 1,018.2
R5 (Breakout Target 1) – 1,022.1
R6 (Breakout Target 2) – 1,023.7

S1 – 1,010.5
S2 – 1,009.4
S3 (Range Support – Buy) – 1,008.3
S4 (Short Breakout) – 1,005.0
S5 (Breakout Target 1) – 1,001.1
S6 (Breakout Target 2) – 999.5

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

R1 – 355.1
R2 – 355.7
R3 (Range Resistance – Sell) – 356.2
R4 (Long Breakout) – 357.8
R5 (Breakout Target 1) – 359.7
R6 (Breakout Target 2) – 360.4

S1 – 354.1
S2 – 353.5
S3 (Range Support – Buy) – 353.0
S4 (Short Breakout) – 351.4
S5 (Breakout Target 1) – 349.5
S6 (Breakout Target 2) – 348.8

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

R1 – 417.0
R2 – 417.7
R3 (Range Resistance – Sell) – 418.5
R4 (Long Breakout) – 420.8
R5 (Breakout Target 1) – 423.5
R6 (Breakout Target 2) – 424.8

S1 – 415.4
S2 – 414.7
S3 (Range Support – Buy) – 413.9
S4 (Short Breakout) – 411.6
S5 (Breakout Target 1) – 408.9
S6 (Breakout Target 2) – 407.6

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

R1 – $3.043
R2 – $3.060
R3 (Range Resistance – Sell) – $3.077
R4 (Long Breakout) – $3.128
R5 (Breakout Target 1) – $3.187
R6 (Breakout Target 2) – $3.214

S1 – $3.009
S2 – $2.992
S3 (Range Support – Buy) – $2.975
S4 (Short Breakout) – $2.924
S5 (Breakout Target 1) – $2.865
S6 (Breakout Target 2) – $2.838

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

R1 – $47.05
R2 – $47.25
R3 (Range Resistance – Sell) – $47.44
R4 (Long Breakout) – $48.02
R5 (Breakout Target 1) – $48.70
R6 (Breakout Target 2) – $48.98

S1 – $46.67
S2 – $46.47
S3 (Range Support – Buy) – $46.28
S4 (Short Breakout) – $45.70
S5 (Breakout Target 1) – $45.02
S6 (Breakout Target 2) – $44.74