Commodity Market: Support and Resistance Levels for Wednesday (October 26th 2016)

Silver (SI) for December delivery (1 Troy Ounce)

R1 – $17.808
R2 – $17.837
R3 (Range Resistance – Sell) – $17.865
R4 (Long Breakout) – $17.951
R5 (Breakout Target 1) – $18.050
R6 (Breakout Target 2) – $18.095

S1 – $17.752
S2 – $17.723
S3 (Range Support – Buy) – $17.695
S4 (Short Breakout) – $17.610
S5 (Breakout Target 1) – $17.510
S6 (Breakout Target 2) – $17.465

Copper (HG) for December delivery (1 Pound)

R1 – $2.1434
R2 – $2.1482
R3 (Range Resistance – Sell) – $2.1531
R4 (Long Breakout) – $2.1677
R5 (Breakout Target 1) – $2.1847
R6 (Breakout Target 2) – $2.1926

S1 – $2.1336
S2 – $2.1288
S3 (Range Support – Buy) – $2.1239
S4 (Short Breakout) – $2.1094
S5 (Breakout Target 1) – $2.0923
S6 (Breakout Target 2) – $2.0844

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

R1 – 992.0
R2 – 993.5
R3 (Range Resistance – Sell) – 994.9
R4 (Long Breakout) – 999.3
R5 (Breakout Target 1) – 1004.4
R6 (Breakout Target 2) – 1006.6

S1 – 989.2
S2 – 987.7
S3 (Range Support – Buy) – 986.3
S4 (Short Breakout) – 981.9
S5 (Breakout Target 1) – 976.8
S6 (Breakout Target 2) – 974.6

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

R1 – 349.7
R2 – 350.1
R3 (Range Resistance – Sell) – 350.6
R4 (Long Breakout) – 352.0
R5 (Breakout Target 1) – 353.6
R6 (Breakout Target 2) – 354.2

S1 – 348.7
S2 – 348.3
S3 (Range Support – Buy) – 347.8
S4 (Short Breakout) – 346.5
S5 (Breakout Target 1) – 344.8
S6 (Breakout Target 2) – 344.2

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

R1 – 404.9
R2 – 405.7
R3 (Range Resistance – Sell) – 406.4
R4 (Long Breakout) – 408.6
R5 (Breakout Target 1) – 411.2
R6 (Breakout Target 2) – 412.3

S1 – 403.5
S2 – 402.7
S3 (Range Support – Buy) – 402.0
S4 (Short Breakout) – 399.8
S5 (Breakout Target 1) – 397.2
S6 (Breakout Target 2) – 396.1

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

R1 – $3.170
R2 – $3.191
R3 (Range Resistance – Sell) – $3.213
R4 (Long Breakout) – $3.276
R5 (Breakout Target 1) – $3.350
R6 (Breakout Target 2) – $3.383

S1 – $3.128
S2 – $3.107
S3 (Range Support – Buy) – $3.085
S4 (Short Breakout) – $3.022
S5 (Breakout Target 1) – $2.948
S6 (Breakout Target 2) – $2.915

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

R1 – $50.11
R2 – $50.26
R3 (Range Resistance – Sell) – $50.42
R4 (Long Breakout) – $50.87
R5 (Breakout Target 1) – $51.41
R6 (Breakout Target 2) – $51.64

S1 – $49.81
S2 – $49.66
S3 (Range Support – Buy) – $49.50
S4 (Short Breakout) – $49.05
S5 (Breakout Target 1) – $48.51
S6 (Breakout Target 2) – $48.28