Commodity Market: Support and Resistance Levels for Monday (November 21st 2016)

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