Binary Tribune’s Commodity Trading Signals for October 7th 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 for December delivery: Buy just above $17.142, TP1 – $17.413, TP2 – $17.481, TP3 – $17.549, SL – just below $16.938.

Sell just below $17.549, TP1 – $17.277, TP2 – $17.209, TP3 – $17.142, SL – just above $17.752.

If break and close above $17.752, buy with TP at $18.094, SL – just below $17.549.

If break and close below $16.938, sell with TP at $16.596, SL – just above $17.142.

Copper for December delivery: Buy just above $2.1484, TP1 – $2.1579, TP2 – $2.1603, TP3 – $2.1627, SL – just below $2.1412.

Sell just below $2.1627, TP1 – $2.1531, TP2 – $2.1507, TP3 – $2.1484, SL – just above $2.1698.

If break and close above $2.1698, buy with TP at $2.1816, SL – just below $2.1627.

If break and close below $2.1412, sell with TP at $2.1294, SL – just above $2.1484.

Soybeans for November delivery: Buy just above $955.0, TP1 – $959.5, TP2 – $960.7, TP3 – $961.8, SL – just below $951.6.

Sell just below $961.8, TP1 – $957.3, TP2 – $956.1, TP3 – $955.0, SL – just above $965.2.

If break and close above $965.2, buy with TP at $970.9, SL – just below $961.8.

If break and close below $951.6, sell with TP at $945.9, SL – just above $955.0.

Corn for December delivery: Buy just above $337.9, TP1 – $341.2, TP2 – $342.1, TP3 – $342.9, SL – just below $335.3.

Sell just below $342.9, TP1 – $339.6, TP2 – $338.7, TP3 – $337.9, SL – just above $345.5.

If break and close above $345.5, buy with TP at $349.7, SL – just below $342.9.

If break and close below $335.3, sell with TP at $331.1, SL – just above $337.9.

Natural Gas for November delivery: Buy just above $3.022, TP1 – $3.058, TP2 – $3.067, TP3 – $3.076, SL – just below $2.995.

Sell just below $3.076, TP1 – $3.040, TP2 – $3.031, TP3 – $3.022, SL – just above $3.103.

If break and close above $3.103, buy with TP at $3.151, SL – just below $3.076.

If break and close below $2.995, sell with TP at $2.947, SL – just above $3.022.

Crude Oil for November delivery: Buy just above $50.08, TP1 – $50.56, TP2 – $50.68, TP3 – $50.80, SL – just below $49.73.

Sell just below $50.80, TP1 – $50.32, TP2 – $50.20, TP3 – $50.08, SL – just above $51.16.

If break and close above $51.16, buy with TP at $51.77, SL – just below $50.80.

If break and close below $49.73, sell with TP at $49.11, SL – just above $50.08.

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