Commodity Market: Support and Resistance Levels for Thursday (October 27th 2016)

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

R1 – $17.653
R2 – $17.680
R3 (Range Resistance – Sell) – $17.707
R4 (Long Breakout) – $17.788
R5 (Breakout Target 1) – $17.883
R6 (Breakout Target 2) – $17.922

S1 – $17.599
S2 – $17.572
S3 (Range Support – Buy) – $17.545
S4 (Short Breakout) – $17.464
S5 (Breakout Target 1) – $17.369
S6 (Breakout Target 2) – $17.330

Copper (HG) for December delivery (1 Pound)

R1 – $2.1476
R2 – $2.1496
R3 (Range Resistance – Sell) – $2.1517
R4 (Long Breakout) – $2.1579
R5 (Breakout Target 1) – $2.1651
R6 (Breakout Target 2) – $2.1682

S1 – $2.1434
S2 – $2.1414
S3 (Range Support – Buy) – $2.1393
S4 (Short Breakout) – $2.1331
S5 (Breakout Target 1) – $2.1259
S6 (Breakout Target 2) – $2.1228

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

R1 – 1,012.1
R2 – 1,014.1
R3 (Range Resistance – Sell) – 1,016.2
R4 (Long Breakout) – 1,022.3
R5 (Breakout Target 1) – 1,029.5
R6 (Breakout Target 2) – 1,032.9

S1 – 1,007.9
S2 – 1,005.9
S3 (Range Support – Buy) – 1,003.8
S4 (Short Breakout) – 997.7
S5 (Breakout Target 1) – 990.5
S6 (Breakout Target 2) – 987.1

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

R1 – 354.6
R2 – 355.2
R3 (Range Resistance – Sell) – 355.8
R4 (Long Breakout) – 357.6
R5 (Breakout Target 1) – 359.7
R6 (Breakout Target 2) – 360.7

S1 – 353.4
S2 – 352.8
S3 (Range Support – Buy) – 352.2
S4 (Short Breakout) – 350.4
S5 (Breakout Target 1) – 348.3
S6 (Breakout Target 2) – 347.3

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

R1 – 412.4
R2 – 413.5
R3 (Range Resistance – Sell) – 414.5
R4 (Long Breakout) – 417.7
R5 (Breakout Target 1) – 421.3
R6 (Breakout Target 2) – 423.0

S1 – 410.4
S2 – 409.3
S3 (Range Support – Buy) – 408.3
S4 (Short Breakout) – 405.1
S5 (Breakout Target 1) – 401.5
S6 (Breakout Target 2) – 399.8

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

R1 – $3.051
R2 – $3.066
R3 (Range Resistance – Sell) – $3.081
R4 (Long Breakout) – $3.126
R5 (Breakout Target 1) – $3.179
R6 (Breakout Target 2) – $3.204

S1 – $3.021
S2 – $3.006
S3 (Range Support – Buy) – $2.991
S4 (Short Breakout) – $2.946
S5 (Breakout Target 1) – $2.893
S6 (Breakout Target 2) – $2.868

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

R1 – $49.29
R2 – $49.41
R3 (Range Resistance – Sell) – $49.52
R4 (Long Breakout) – $49.86
R5 (Breakout Target 1) – $50.25
R6 (Breakout Target 2) – $50.42

S1 – $49.07
S2 – $48.95
S3 (Range Support – Buy) – $48.84
S4 (Short Breakout) – $48.50
S5 (Breakout Target 1) – $48.11
S6 (Breakout Target 2) – $47.94