Commodity Market: Support and Resistance Levels for Monday (November 21st 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 – $16.653
R2 – $16.682
R3 (Range Resistance – Sell) – $16.711
R4 (Long Breakout) – $16.797
R5 (Breakout Target 1) – $16.898
R6 (Breakout Target 2) – $16.943

S1 – $16.595
S2 – $16.566
S3 (Range Support – Buy) – $16.537
S4 (Short Breakout) – $16.451
S5 (Breakout Target 1) – $16.350
S6 (Breakout Target 2) – $16.305

Copper (HG) for December delivery (1 Pound)

R1 – $2.4721
R2 – $2.4767
R3 (Range Resistance – Sell) – $2.4813
R4 (Long Breakout) – $2.4950
R5 (Breakout Target 1) – $2.5111
R6 (Breakout Target 2) – $2.5179

S1 – $2.4629
S2 – $2.4583
S3 (Range Support – Buy) – $2.4538
S4 (Short Breakout) – $2.4400
S5 (Breakout Target 1) – $2.4239
S6 (Breakout Target 2) – $2.4171

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

R1 – 994.9
R2 – 996.2
R3 (Range Resistance – Sell) – 997.5
R4 (Long Breakout) – 1,001.4
R5 (Breakout Target 1) – 1,006.0
R6 (Breakout Target 2) – 1,008.0

S1 – 992.3
S2 – 991.0
S3 (Range Support – Buy) – 989.7
S4 (Short Breakout) – 985.8
S5 (Breakout Target 1) – 981.2
S6 (Breakout Target 2) – 979.2

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

R1 – 346.0
R2 – 346.5
R3 (Range Resistance – Sell) – 347.1
R4 (Long Breakout) – 348.8
R5 (Breakout Target 1) – 350.8
R6 (Breakout Target 2) – 351.7

S1 – 344.8
S2 – 344.3
S3 (Range Support – Buy) – 343.7
S4 (Short Breakout) – 342.0
S5 (Breakout Target 1) – 340.0
S6 (Breakout Target 2) – 339.1

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

R1 – 426.2
R2 – 427.2
R3 (Range Resistance – Sell) – 428.2
R4 (Long Breakout) – 431.1
R5 (Breakout Target 1) – 434.6
R6 (Breakout Target 2) – 436.2

S1 – 424.2
S2 – 423.2
S3 (Range Support – Buy) – 422.2
S4 (Short Breakout) – 419.3
S5 (Breakout Target 1) – 415.8
S6 (Breakout Target 2) – 414.2

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

R1 – $2.858
R2 – $2.873
R3 (Range Resistance – Sell) – $2.888
R4 (Long Breakout) – $2.932
R5 (Breakout Target 1) – $2.984
R6 (Breakout Target 2) – $3.014

S1 – $2.828
S2 – $2.813
S3 (Range Support – Buy) – $2.798
S4 (Short Breakout) – $2.754
S5 (Breakout Target 1) – $2.702
S6 (Breakout Target 2) – $2.672

Crude Oil (CL) for January 2017 delivery (1 Barrel)

R1 – $46.48
R2 – $46.59
R3 (Range Resistance – Sell) – $46.71
R4 (Long Breakout) – $47.06
R5 (Breakout Target 1) – $47.47
R6 (Breakout Target 2) – $47.66

S1 – $46.24
S2 – $46.13
S3 (Range Support – Buy) – $46.01
S4 (Short Breakout) – $45.66
S5 (Breakout Target 1) – $45.25
S6 (Breakout Target 2) – $45.06

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