Commodity Market: Support and Resistance Levels for Tuesday (November 1st 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 – $17.812
R2 – $17.827
R3 (Range Resistance – Sell) – $17.843
R4 (Long Breakout) – $17.890
R5 (Breakout Target 1) – $17.944
R6 (Breakout Target 2) – $17.966

S1 – $17.780
S2 – $17.765
S3 (Range Support – Buy) – $17.749
S4 (Short Breakout) – $17.703
S5 (Breakout Target 1) – $17.648
S6 (Breakout Target 2) – $17.626

Copper (HG) for December delivery (1 Pound)

R1 – $2.2077
R2 – $2.2104
R3 (Range Resistance – Sell) – $2.2131
R4 (Long Breakout) – $2.2212
R5 (Breakout Target 1) – $2.2307
R6 (Breakout Target 2) – $2.2348

S1 – $2.2023
S2 – $2.1996
S3 (Range Support – Buy) – $2.1969
S4 (Short Breakout) – $2.1888
S5 (Breakout Target 1) – $2.1793
S6 (Breakout Target 2) – $2.1752

Soybeans (ZS) for January 2017 delivery (in US cents per 1 Bushel)

R1 – 1,012.7
R2 – 1,013.8
R3 (Range Resistance – Sell) – 1,014.9
R4 (Long Breakout) – 1,018.2
R5 (Breakout Target 1) – 1,022.1
R6 (Breakout Target 2) – 1,023.7

S1 – 1,010.5
S2 – 1,009.4
S3 (Range Support – Buy) – 1,008.3
S4 (Short Breakout) – 1,005.0
S5 (Breakout Target 1) – 1,001.1
S6 (Breakout Target 2) – 999.5

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

R1 – 355.1
R2 – 355.7
R3 (Range Resistance – Sell) – 356.2
R4 (Long Breakout) – 357.8
R5 (Breakout Target 1) – 359.7
R6 (Breakout Target 2) – 360.4

S1 – 354.1
S2 – 353.5
S3 (Range Support – Buy) – 353.0
S4 (Short Breakout) – 351.4
S5 (Breakout Target 1) – 349.5
S6 (Breakout Target 2) – 348.8

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

R1 – 417.0
R2 – 417.7
R3 (Range Resistance – Sell) – 418.5
R4 (Long Breakout) – 420.8
R5 (Breakout Target 1) – 423.5
R6 (Breakout Target 2) – 424.8

S1 – 415.4
S2 – 414.7
S3 (Range Support – Buy) – 413.9
S4 (Short Breakout) – 411.6
S5 (Breakout Target 1) – 408.9
S6 (Breakout Target 2) – 407.6

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

R1 – $3.043
R2 – $3.060
R3 (Range Resistance – Sell) – $3.077
R4 (Long Breakout) – $3.128
R5 (Breakout Target 1) – $3.187
R6 (Breakout Target 2) – $3.214

S1 – $3.009
S2 – $2.992
S3 (Range Support – Buy) – $2.975
S4 (Short Breakout) – $2.924
S5 (Breakout Target 1) – $2.865
S6 (Breakout Target 2) – $2.838

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

R1 – $47.05
R2 – $47.25
R3 (Range Resistance – Sell) – $47.44
R4 (Long Breakout) – $48.02
R5 (Breakout Target 1) – $48.70
R6 (Breakout Target 2) – $48.98

S1 – $46.67
S2 – $46.47
S3 (Range Support – Buy) – $46.28
S4 (Short Breakout) – $45.70
S5 (Breakout Target 1) – $45.02
S6 (Breakout Target 2) – $44.74

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