Commodity Market: Support and Resistance Levels for Thursday (November 10th 2016)

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

R1 – $18.445
R2 – $18.512
R3 (Range Resistance – Sell) – $18.579
R4 (Long Breakout) – $18.780
R5 (Breakout Target 1) – $19.014
R6 (Breakout Target 2) – $19.112

S1 – $18.311
S2 – $18.244
S3 (Range Support – Buy) – $18.177
S4 (Short Breakout) – $17.977
S5 (Breakout Target 1) – $17.742
S6 (Breakout Target 2) – $17.644

Copper (HG) for December delivery (1 Pound)

R1 – $2.4732
R2 – $2.4868
R3 (Range Resistance – Sell) – $2.5005
R4 (Long Breakout) – $2.5415
R5 (Breakout Target 1) – $2.5893
R6 (Breakout Target 2) – $2.6177

S1 – $2.4458
S2 – $2.4322
S3 (Range Support – Buy) – $2.4185
S4 (Short Breakout) – $2.3776
S5 (Breakout Target 1) – $2.3297
S6 (Breakout Target 2) – $2.3013

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

R1 – 994.0
R2 – 997.1
R3 (Range Resistance – Sell) – 1,000.1
R4 (Long Breakout) – 1,009.3
R5 (Breakout Target 1) – 1,019.9
R6 (Breakout Target 2) – 1,024.4

S1 – 988.0
S2 – 984.9
S3 (Range Support – Buy) – 981.9
S4 (Short Breakout) – 972.7
S5 (Breakout Target 1) – 962.1
S6 (Breakout Target 2) – 957.6

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

R1 – 341.9
R2 – 343.3
R3 (Range Resistance – Sell) – 344.6
R4 (Long Breakout) – 348.6
R5 (Breakout Target 1) – 353.3
R6 (Breakout Target 2) – 355.2

S1 – 339.3
S2 – 337.9
S3 (Range Support – Buy) – 336.6
S4 (Short Breakout) – 332.6
S5 (Breakout Target 1) – 327.9
S6 (Breakout Target 2) – 326.0

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

R1 – 407.9
R2 – 409.2
R3 (Range Resistance – Sell) – 410.5
R4 (Long Breakout) – 414.3
R5 (Breakout Target 1) – 418.8
R6 (Breakout Target 2) – 420.7

S1 – 405.3
S2 – 404.0
S3 (Range Support – Buy) – 402.8
S4 (Short Breakout) – 398.9
S5 (Breakout Target 1) – 394.4
S6 (Breakout Target 2) – 392.5

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

R1 – $2.708
R2 – $2.726
R3 (Range Resistance – Sell) – $2.744
R4 (Long Breakout) – $2.798
R5 (Breakout Target 1) – $2.862
R6 (Breakout Target 2) – $2.898

S1 – $2.672
S2 – $2.654
S3 (Range Support – Buy) – $2.636
S4 (Short Breakout) – $2.582
S5 (Breakout Target 1) – $2.518
S6 (Breakout Target 2) – $2.482

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

R1 – $45.53
R2 – $45.80
R3 (Range Resistance – Sell) – $46.06
R4 (Long Breakout) – $46.85
R5 (Breakout Target 1) – $47.78
R6 (Breakout Target 2) – $48.30

S1 – $45.01
S2 – $44.74
S3 (Range Support – Buy) – $44.48
S4 (Short Breakout) – $43.69
S5 (Breakout Target 1) – $42.76
S6 (Breakout Target 2) – $42.24