Commodity Market: Support and Resistance Levels for Tuesday (November 15th 2016)

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

R1 – $16.973
R2 – $17.053
R3 (Range Resistance – Sell) – $17.132
R4 (Long Breakout) – $17.372
R5 (Breakout Target 1) – $17.651
R6 (Breakout Target 2) – $17.777

S1 – $16.813
S2 – $16.734
S3 (Range Support – Buy) – $16.654
S4 (Short Breakout) – $16.415
S5 (Breakout Target 1) – $16.135
S6 (Breakout Target 2) – $16.009

Copper (HG) for December delivery (1 Pound)

R1 – $2.5327
R2 – $2.5445
R3 (Range Resistance – Sell) – $2.5562
R4 (Long Breakout) – $2.5914
R5 (Breakout Target 1) – $2.6325
R6 (Breakout Target 2) – $2.6516

S1 – $2.5093
S2 – $2.4975
S3 (Range Support – Buy) – $2.4858
S4 (Short Breakout) – $2.4506
S5 (Breakout Target 1) – $2.4095
S6 (Breakout Target 2) – $2.3904

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

R1 – 985.5
R2 – 986.8
R3 (Range Resistance – Sell) – 988.2
R4 (Long Breakout) – 992.1
R5 (Breakout Target 1) – 996.7
R6 (Breakout Target 2) – 998.7

S1 – 982.9
S2 – 981.6
S3 (Range Support – Buy) – 980.2
S4 (Short Breakout) – 976.3
S5 (Breakout Target 1) – 971.7
S6 (Breakout Target 2) – 969.7

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

R1 – 337.7
R2 – 338.2
R3 (Range Resistance – Sell) – 338.7
R4 (Long Breakout) – 340.3
R5 (Breakout Target 1) – 342.1
R6 (Breakout Target 2) – 342.8

S1 – 336.7
S2 – 336.2
S3 (Range Support – Buy) – 335.7
S4 (Short Breakout) – 334.1
S5 (Breakout Target 1) – 332.3
S6 (Breakout Target 2) – 331.6

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 413.4
R2 – 414.4
R3 (Range Resistance – Sell) – 415.4
R4 (Long Breakout) – 418.5
R5 (Breakout Target 1) – 422.0
R6 (Breakout Target 2) – 423.4

S1 – 411.4
S2 – 410.4
S3 (Range Support – Buy) – 409.4
S4 (Short Breakout) – 406.4
S5 (Breakout Target 1) – 402.8
S6 (Breakout Target 2) – 401.4

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

R1 – $2.761
R2 – $2.774
R3 (Range Resistance – Sell) – $2.786
R4 (Long Breakout) – $2.823
R5 (Breakout Target 1) – $2.866
R6 (Breakout Target 2) – $2.888

S1 – $2.737
S2 – $2.724
S3 (Range Support – Buy) – $2.712
S4 (Short Breakout) – $2.675
S5 (Breakout Target 1) – $2.632
S6 (Breakout Target 2) – $2.610

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

R1 – $43.47
R2 – $43.62
R3 (Range Resistance – Sell) – $43.76
R4 (Long Breakout) – $44.21
R5 (Breakout Target 1) – $44.72
R6 (Breakout Target 2) – $44.97

S1 – $43.17
S2 – $43.02
S3 (Range Support – Buy) – $42.88
S4 (Short Breakout) – $42.43
S5 (Breakout Target 1) – $41.92
S6 (Breakout Target 2) – $41.67