Commodity Market: Support and Resistance Levels for Monday (October 24th 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 – $17.508
R2 – $17.523
R3 (Range Resistance – Sell) – $17.538
R4 (Long Breakout) – $17.584
R5 (Breakout Target 1) – $17.637
R6 (Breakout Target 2) – $17.659

S1 – $17.478
S2 – $17.463
S3 (Range Support – Buy) – $17.448
S4 (Short Breakout) – $17.402
S5 (Breakout Target 1) – $17.349
S6 (Breakout Target 2) – $17.327

Copper (HG) for December delivery (1 Pound)

R1 – $2.0900
R2 – $2.0913
R3 (Range Resistance – Sell) – $2.0926
R4 (Long Breakout) – $2.0968
R5 (Breakout Target 1) – $2.1016
R6 (Breakout Target 2) – $2.1035

S1 – $2.0871
S2 – $2.0858
S3 (Range Support – Buy) – $2.0844
S4 (Short Breakout) – $2.0803
S5 (Breakout Target 1) – $2.0754
S6 (Breakout Target 2) – $2.0735

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

R1 – 983.9
R2 – 984.8
R3 (Range Resistance – Sell) – 985.7
R4 (Long Breakout) – 988.4
R5 (Breakout Target 1) – 991.5
R6 (Breakout Target 2) – 992.9

S1 – 982.1
S2 – 981.2
S3 (Range Support – Buy) – 980.3
S4 (Short Breakout) – 977.6
S5 (Breakout Target 1) – 974.5
S6 (Breakout Target 2) – 973.1

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

R1 – 352.7
R2 – 353.1
R3 (Range Resistance – Sell) – 353.4
R4 (Long Breakout) – 354.5
R5 (Breakout Target 1) – 355.7
R6 (Breakout Target 2) – 356.2

S1 – 352.1
S2 – 351.7
S3 (Range Support – Buy) – 351.4
S4 (Short Breakout) – 350.3
S5 (Breakout Target 1) – 349.1
S6 (Breakout Target 2) – 348.6

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

R1 – 414.9
R2 – 415.4
R3 (Range Resistance – Sell) – 415.8
R4 (Long Breakout) – 417.3
R5 (Breakout Target 1) – 418.9
R6 (Breakout Target 2) – 419.6

S1 – 413.9
S2 – 413.4
S3 (Range Support – Buy) – 413.0
S4 (Short Breakout) – 411.5
S5 (Breakout Target 1) – 409.9
S6 (Breakout Target 2) – 409.2

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

R1 – $3.369
R2 – $3.377
R3 (Range Resistance – Sell) – $3.385
R4 (Long Breakout) – $3.409
R5 (Breakout Target 1) – $3.438
R6 (Breakout Target 2) – $3.450

S1 – $3.353
S2 – $3.345
S3 (Range Support – Buy) – $3.337
S4 (Short Breakout) – $3.313
S5 (Breakout Target 1) – $3.284
S6 (Breakout Target 2) – $3.272

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

R1 – $50.92
R2 – $51.00
R3 (Range Resistance – Sell) – $51.07
R4 (Long Breakout) – $51.30
R5 (Breakout Target 1) – $51.56
R6 (Breakout Target 2) – $51.67

S1 – $50.78
S2 – $50.70
S3 (Range Support – Buy) – $50.63
S4 (Short Breakout) – $50.40
S5 (Breakout Target 1) – $50.14
S6 (Breakout Target 2) – $50.03

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