Commodity Market: Support and Resistance Levels for Tuesday (October 25th 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 – $17.643
R2 – $17.682
R3 (Range Resistance – Sell) – $17.721
R4 (Long Breakout) – $17.838
R5 (Breakout Target 1) – $17.937
R6 (Breakout Target 2) – $18.032

S1 – $17.565
S2 – $17.526
S3 (Range Support – Buy) – $17.487
S4 (Short Breakout) – $17.370
S5 (Breakout Target 1) – $17.234
S6 (Breakout Target 2) – $17.176

Copper (HG) for December delivery (1 Pound)

R1 – $2.0947
R2 – $2.0963
R3 (Range Resistance – Sell) – $2.0980
R4 (Long Breakout) – $2.1029
R5 (Breakout Target 1) – $2.1087
R6 (Breakout Target 2) – $2.1112

S1 – $2.0914
S2 – $2.0896
S3 (Range Support – Buy) – $2.0881
S4 (Short Breakout) – $2.0831
S5 (Breakout Target 1) – $2.0773
S6 (Breakout Target 2) – $2.0749

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

R1 – 993.8
R2 – 995.6
R3 (Range Resistance – Sell) – 997.4
R4 (Long Breakout) – 1002.8
R5 (Breakout Target 1) – 1009.1
R6 (Breakout Target 2) – 1011.8

S1 – 990.2
S2 – 988.4
S3 (Range Support – Buy) – 986.6
S4 (Short Breakout) – 981.2
S5 (Breakout Target 1) – 974.9
S6 (Breakout Target 2) – 972.2

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

R1 – 349.0
R2 – 349.7
R3 (Range Resistance – Sell) – 350.5
R4 (Long Breakout) – 352.7
R5 (Breakout Target 1) – 355.3
R6 (Breakout Target 2) – 356.4

S1 – 347.4
S2 – 346.7
S3 (Range Support – Buy) – 345.9
S4 (Short Breakout) – 343.7
S5 (Breakout Target 1) – 341.1
S6 (Breakout Target 2) – 340.0

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

R1 – 403.9
R2 – 405.3
R3 (Range Resistance – Sell) – 406.8
R4 (Long Breakout) – 411.2
R5 (Breakout Target 1) – 416.3
R6 (Breakout Target 2) – 418.5

S1 – 400.9
S2 – 399.5
S3 (Range Support – Buy) – 398.0
S4 (Short Breakout) – 393.6
S5 (Breakout Target 1) – 388.5
S6 (Breakout Target 2) – 386.3

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

R1 – $3.328
R2 – $3.338
R3 (Range Resistance – Sell) – $3.347
R4 (Long Breakout) – $3.376
R5 (Breakout Target 1) – $3.409
R6 (Breakout Target 2) – $3.423

S1 – $3.310
S2 – $3.300
S3 (Range Support – Buy) – $3.291
S4 (Short Breakout) – $3.262
S5 (Breakout Target 1) – $3.229
S6 (Breakout Target 2) – $3.215

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

R1 – $50.64
R2 – $50.77
R3 (Range Resistance – Sell) – $50.89
R4 (Long Breakout) – $51.27
R5 (Breakout Target 1) – $51.70
R6 (Breakout Target 2) – $51.90

S1 – $50.40
S2 – $50.27
S3 (Range Support – Buy) – $50.15
S4 (Short Breakout) – $49.77
S5 (Breakout Target 1) – $49.34
S6 (Breakout Target 2) – $49.14

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