Commodity Market: Support and Resistance Levels for Friday (November 11th 2016)

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

R1 – $18.793
R2 – $18.849
R3 (Range Resistance – Sell) – $18.905
R4 (Long Breakout) – $19.073
R5 (Breakout Target 1) – $19.268
R6 (Breakout Target 2) – $19.359

S1 – $18.681
S2 – $18.625
S3 (Range Support – Buy) – $18.569
S4 (Short Breakout) – $18.402
S5 (Breakout Target 1) – $18.206
S6 (Breakout Target 2) – $18.115

Copper (HG) for December delivery (1 Pound)

R1 – $2.5637
R2 – $2.5763
R3 (Range Resistance – Sell) – $2.5890
R4 (Long Breakout) – $2.6269
R5 (Breakout Target 1) – $2.6712
R6 (Breakout Target 2) – $2.6945

S1 – $2.5384
S2 – $2.5257
S3 (Range Support – Buy) – $2.5131
S4 (Short Breakout) – $2.4751
S5 (Breakout Target 1) – $2.4308
S6 (Breakout Target 2) – $2.4075

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

R1 – 1,000.8
R2 – 1,003.5
R3 (Range Resistance – Sell) – 1,006.3
R4 (Long Breakout) – 1,014.5
R5 (Breakout Target 1) – 1,024.1
R6 (Breakout Target 2) – 1,028.3

S1 – 995.3
S2 – 992.5
S3 (Range Support – Buy) – 989.8
S4 (Short Breakout) – 981.5
S5 (Breakout Target 1) – 971.9
S6 (Breakout Target 2) – 967.7

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

R1 – 344.0
R2 – 344.5
R3 (Range Resistance – Sell) – 345.1
R4 (Long Breakout) – 346.8
R5 (Breakout Target 1) – 348.8
R6 (Breakout Target 2) – 349.7

S1 – 342.8
S2 – 342.3
S3 (Range Support – Buy) – 341.7
S4 (Short Breakout) – 340.0
S5 (Breakout Target 1) – 338.0
S6 (Breakout Target 2) – 337.1

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

R1 – 405.7
R2 – 406.8
R3 (Range Resistance – Sell) – 408.0
R4 (Long Breakout) – 411.3
R5 (Breakout Target 1) – 415.2
R6 (Breakout Target 2) – 416.9

S1 – 403.5
S2 – 402.4
S3 (Range Support – Buy) – 401.2
S4 (Short Breakout) – 397.9
S5 (Breakout Target 1) – 394.0
S6 (Breakout Target 2) – 392.3

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

R1 – $2.646
R2 – $2.660
R3 (Range Resistance – Sell) – $2.674
R4 (Long Breakout) – $2.716
R5 (Breakout Target 1) – $2.765
R6 (Breakout Target 2) – $2.788

S1 – $2.618
S2 – $2.604
S3 (Range Support – Buy) – $2.590
S4 (Short Breakout) – $2.548
S5 (Breakout Target 1) – $2.500
S6 (Breakout Target 2) – $2.476

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

R1 – $44.79
R2 – $44.91
R3 (Range Resistance – Sell) – $45.04
R4 (Long Breakout) – $45.42
R5 (Breakout Target 1) – $45.87
R6 (Breakout Target 2) – $46.06

S1 – $44.83
S2 – $44.41
S3 (Range Support – Buy) – $44.28
S4 (Short Breakout) – $43.90
S5 (Breakout Target 1) – $43.45
S6 (Breakout Target 2) – $43.26