Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Commodity Market: Support and Resistance Levels for Friday (November 4th 2016)

oil_rig2

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

R1 – $18.476
R2 – $18.535
R3 (Range Resistance – Sell) – $18.595
R4 (Long Breakout) – $18.774
R5 (Breakout Target 1) – $18.982
R6 (Breakout Target 2) – $19.081

S1 – $18.356
S2 – $18.297
S3 (Range Support – Buy) – $18.237
S4 (Short Breakout) – $18.059
S5 (Breakout Target 1) – $17.850
S6 (Breakout Target 2) – $17.751

Copper (HG) for December delivery (1 Pound)

R1 – $2.2523
R2 – $2.2555
R3 (Range Resistance – Sell) – $2.2588
R4 (Long Breakout) – $2.2685
R5 (Breakout Target 1) – $2.2799
R6 (Breakout Target 2) – $2.2850

S1 – $2.2457
S2 – $2.2425
S3 (Range Support – Buy) – $2.2392
S4 (Short Breakout) – $2.2295
S5 (Breakout Target 1) – $2.2181
S6 (Breakout Target 2) – $2.2130

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

R1 – 990.2
R2 – 991.0
R3 (Range Resistance – Sell) – 991.8
R4 (Long Breakout) – 994.1
R5 (Breakout Target 1) – 996.9
R6 (Breakout Target 2) – 998.0

S1 – 988.6
S2 – 987.8
S3 (Range Support – Buy) – 987.0
S4 (Short Breakout) – 984.7
S5 (Breakout Target 1) – 981.9
S6 (Breakout Target 2) – 980.8

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

R1 – 348.3
R2 – 348.7
R3 (Range Resistance – Sell) – 349.0
R4 (Long Breakout) – 350.0
R5 (Breakout Target 1) – 351.1
R6 (Breakout Target 2) – 351.6

S1 – 347.7
S2 – 347.3
S3 (Range Support – Buy) – 347.0
S4 (Short Breakout) – 346.0
S5 (Breakout Target 1) – 344.9
S6 (Breakout Target 2) – 344.4

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

R1 – 413.0
R2 – 414.0
R3 (Range Resistance – Sell) – 415.0
R4 (Long Breakout) – 418.1
R5 (Breakout Target 1) – 421.6
R6 (Breakout Target 2) – 423.1

S1 – 411.0
S2 – 410.0
S3 (Range Support – Buy) – 409.0
S4 (Short Breakout) – 406.0
S5 (Breakout Target 1) – 402.4
S6 (Breakout Target 2) – 400.9

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

R1 – $2.780
R2 – $2.790
R3 (Range Resistance – Sell) – $2.801
R4 (Long Breakout) – $2.832
R5 (Breakout Target 1) – $2.869
R6 (Breakout Target 2) – $2.886

S1 – $2.758
S2 – $2.748
S3 (Range Support – Buy) – $2.737
S4 (Short Breakout) – $2.706
S5 (Breakout Target 1) – $2.669
S6 (Breakout Target 2) – $2.652

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

R1 – $44.80
R2 – $44.94
R3 (Range Resistance – Sell) – $45.08
R4 (Long Breakout) – $45.50
R5 (Breakout Target 1) – $45.99
R6 (Breakout Target 2) – $46.20

S1 – $44.52
S2 – $44.38
S3 (Range Support – Buy) – $44.24
S4 (Short Breakout) – $43.82
S5 (Breakout Target 1) – $43.33
S6 (Breakout Target 2) – $43.12

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News