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Commodity Market: Support and Resistance Levels for Wednesday (November 9th 2016)

soybeanstrade

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

R1 – $18.407
R2 – $18.458
R3 (Range Resistance – Sell) – $18.509
R4 (Long Breakout) – $18.661
R5 (Breakout Target 1) – $18.840
R6 (Breakout Target 2) – $18.917

S1 – $18.305
S2 – $18.254
S3 (Range Support – Buy) – $18.203
S4 (Short Breakout) – $18.051
S5 (Breakout Target 1) – $17.872
S6 (Breakout Target 2) – $17.795

Copper (HG) for December delivery (1 Pound)

R1 – $2.3885
R2 – $2.3970
R3 (Range Resistance – Sell) – $2.4054
R4 (Long Breakout) – $2.4309
R5 (Breakout Target 1) – $2.4606
R6 (Breakout Target 2) – $2.4761

S1 – $2.3715
S2 – $2.3630
S3 (Range Support – Buy) – $2.3546
S4 (Short Breakout) – $2.3291
S5 (Breakout Target 1) – $2.2994
S6 (Breakout Target 2) – $2.2839

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

R1 – 1,013.4
R2 – 1,015.5
R3 (Range Resistance – Sell) – 1,017.7
R4 (Long Breakout) – 1,024.2
R5 (Breakout Target 1) – 1,031.8
R6 (Breakout Target 2) – 1,035.1

S1 – 1,009.0
S2 – 1,006.9
S3 (Range Support – Buy) – 1,004.7
S4 (Short Breakout) – 998.2
S5 (Breakout Target 1) – 990.6
S6 (Breakout Target 2) – 987.3

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

R1 – 355.2
R2 – 356.3
R3 (Range Resistance – Sell) – 357.3
R4 (Long Breakout) – 360.5
R5 (Breakout Target 1) – 364.1
R6 (Breakout Target 2) – 365.9

S1 – 353.2
S2 – 352.1
S3 (Range Support – Buy) – 351.1
S4 (Short Breakout) – 347.9
S5 (Breakout Target 1) – 344.3
S6 (Breakout Target 2) – 342.5

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

R1 – 416.2
R2 – 417.3
R3 (Range Resistance – Sell) – 418.3
R4 (Long Breakout) – 421.5
R5 (Breakout Target 1) – 425.1
R6 (Breakout Target 2) – 426.8

S1 – 414.2
S2 – 413.1
S3 (Range Support – Buy) – 412.1
S4 (Short Breakout) – 408.9
S5 (Breakout Target 1) – 405.3
S6 (Breakout Target 2) – 403.6

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

R1 – $2.656
R2 – $2.679
R3 (Range Resistance – Sell) – $2.701
R4 (Long Breakout) – $2.770
R5 (Breakout Target 1) – $2.850
R6 (Breakout Target 2) – $2.884

S1 – $2.610
S2 – $2.587
S3 (Range Support – Buy) – $2.565
S4 (Short Breakout) – $2.496
S5 (Breakout Target 1) – $2.416
S6 (Breakout Target 2) – $2.382

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

R1 – $45.07
R2 – $45.16
R3 (Range Resistance – Sell) – $45.25
R4 (Long Breakout) – $45.52
R5 (Breakout Target 1) – $45.83
R6 (Breakout Target 2) – $45.97

S1 – $44.89
S2 – $44.80
S3 (Range Support – Buy) – $44.71
S4 (Short Breakout) – $44.44
S5 (Breakout Target 1) – $44.13
S6 (Breakout Target 2) – $43.99

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