Commodity Market: Support and Resistance Levels for Thursday (November 3rd 2016)

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

R1 – $18.729
R2 – $18.765
R3 (Range Resistance – Sell) – $18.800
R4 (Long Breakout) – $18.908
R5 (Breakout Target 1) – $19.033
R6 (Breakout Target 2) – $19.090

S1 – $18.657
S2 – $18.622
S3 (Range Support – Buy) – $18.586
S4 (Short Breakout) – $18.479
S5 (Breakout Target 1) – $18.353
S6 (Breakout Target 2) – $18.296

Copper (HG) for December delivery (1 Pound)

R1 – $2.2333
R2 – $2.2360
R3 (Range Resistance – Sell) – $2.2388
R4 (Long Breakout) – $2.2470
R5 (Breakout Target 1) – $2.2566
R6 (Breakout Target 2) – $2.2608

S1 – $2.2278
S2 – $2.2250
S3 (Range Support – Buy) – $2.2223
S4 (Short Breakout) – $2.2140
S5 (Breakout Target 1) – $2.2044
S6 (Breakout Target 2) – $2.2002

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

R1 – 987.6
R2 – 988.7
R3 (Range Resistance – Sell) – 989.9
R4 (Long Breakout) – 993.3
R5 (Breakout Target 1) – 997.4
R6 (Breakout Target 2) – 999.0

S1 – 985.2
S2 – 984.1
S3 (Range Support – Buy) – 982.9
S4 (Short Breakout) – 979.5
S5 (Breakout Target 1) – 975.4
S6 (Breakout Target 2) – 973.8

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

R1 – 346.8
R2 – 347.3
R3 (Range Resistance – Sell) – 347.9
R4 (Long Breakout) – 349.6
R5 (Breakout Target 1) – 351.6
R6 (Breakout Target 2) – 352.4

S1 – 345.6
S2 – 345.1
S3 (Range Support – Buy) – 344.5
S4 (Short Breakout) – 342.8
S5 (Breakout Target 1) – 340.8
S6 (Breakout Target 2) – 340.0

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

R1 – 418.4
R2 – 419.1
R3 (Range Resistance – Sell) – 419.9
R4 (Long Breakout) – 422.1
R5 (Breakout Target 1) – 424.7
R6 (Breakout Target 2) – 425.9

S1 – 416.8
S2 – 416.1
S3 (Range Support – Buy) – 415.3
S4 (Short Breakout) – 413.1
S5 (Breakout Target 1) – 410.5
S6 (Breakout Target 2) – 409.3

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

R1 – $2.803
R2 – $2.814
R3 (Range Resistance – Sell) – $2.825
R4 (Long Breakout) – $2.858
R5 (Breakout Target 1) – $2.897
R6 (Breakout Target 2) – $2.913

S1 – $2.781
S2 – $2.770
S3 (Range Support – Buy) – $2.759
S4 (Short Breakout) – $2.726
S5 (Breakout Target 1) – $2.687
S6 (Breakout Target 2) – $2.671

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

R1 – $45.48
R2 – $45.62
R3 (Range Resistance – Sell) – $45.76
R4 (Long Breakout) – $46.17
R5 (Breakout Target 1) – $46.66
R6 (Breakout Target 2) – $46.86

S1 – $45.20
S2 – $45.06
S3 (Range Support – Buy) – $44.92
S4 (Short Breakout) – $44.51
S5 (Breakout Target 1) – $44.02
S6 (Breakout Target 2) – $43.82