Commodity Market: Support and Resistance Levels for Monday (October 24th 2016)

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