Commodity Market: Support and Resistance Levels for Monday (November 7th 2016)

Written by Miroslav Marinov

Miroslav Marinov, a financial news editor at TradingPedia, is engaged with observing and reporting on the tendencies in the Foreign Exchange Market, as currently his focus is set on the major currencies of eight developed nations worldwide.

, | Updated: October 30, 2024

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

R1 – $18.398
R2 – $18.425
R3 (Range Resistance – Sell) – $18.452
R4 (Long Breakout) – $18.533
R5 (Breakout Target 1) – $18.628
R6 (Breakout Target 2) – $18.669

S1 – $18.344
S2 – $18.317
S3 (Range Support – Buy) – $18.290
S4 (Short Breakout) – $18.209
S5 (Breakout Target 1) – $18.114
S6 (Breakout Target 2) – $18.073

Copper (HG) for December delivery (1 Pound)

R1 – $2.2681
R2 – $2.2712
R3 (Range Resistance – Sell) – $2.2744
R4 (Long Breakout) – $2.2837
R5 (Breakout Target 1) – $2.2946
R6 (Breakout Target 2) – $2.2994

S1 – $2.2619
S2 – $2.2588
S3 (Range Support – Buy) – $2.2557
S4 (Short Breakout) – $2.2463
S5 (Breakout Target 1) – $2.2354
S6 (Breakout Target 2) – $2.2306

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

R1 – 991.6
R2 – 992.5
R3 (Range Resistance – Sell) – 993.5
R4 (Long Breakout) – 996.4
R5 (Breakout Target 1) – 999.8
R6 (Breakout Target 2) – 1,001.3

S1 – 989.6
S2 – 988.7
S3 (Range Support – Buy) – 987.7
S4 (Short Breakout) – 984.8
S5 (Breakout Target 1) – 981.4
S6 (Breakout Target 2) – 979.9

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

R1 – 349.0
R2 – 349.4
R3 (Range Resistance – Sell) – 349.8
R4 (Long Breakout) – 350.9
R5 (Breakout Target 1) – 352.3
R6 (Breakout Target 2) – 352.8

S1 – 348.2
S2 – 347.8
S3 (Range Support – Buy) – 347.4
S4 (Short Breakout) – 346.3
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 – 414.7
R2 – 415.1
R3 (Range Resistance – Sell) – 415.6
R4 (Long Breakout) – 417.0
R5 (Breakout Target 1) – 418.6
R6 (Breakout Target 2) – 419.2

S1 – 413.7
S2 – 413.3
S3 (Range Support – Buy) – 412.8
S4 (Short Breakout) – 411.5
S5 (Breakout Target 1) – 409.8
S6 (Breakout Target 2) – 409.2

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

R1 – $2.774
R2 – $2.781
R3 (Range Resistance – Sell) – $2.789
R4 (Long Breakout) – $2.810
R5 (Breakout Target 1) – $2.836
R6 (Breakout Target 2) – $2.847

S1 – $2.760
S2 – $2.753
S3 (Range Support – Buy) – $2.745
S4 (Short Breakout) – $2.724
S5 (Breakout Target 1) – $2.698
S6 (Breakout Target 2) – $2.687

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

R1 – $44.19
R2 – $44.31
R3 (Range Resistance – Sell) – $44.43
R4 (Long Breakout) – $44.79
R5 (Breakout Target 1) – $45.20
R6 (Breakout Target 2) – $45.38

S1 – $43.95
S2 – $43.83
S3 (Range Support – Buy) – $43.71
S4 (Short Breakout) – $43.36
S5 (Breakout Target 1) – $42.94
S6 (Breakout Target 2) – $42.76

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