Commodity Market: Support and Resistance Levels for Monday (November 7th 2016)

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

R1 – $18.398
R2 – $18.425
R3 (Range Resistance – Sell) – $18.452
R4 (Long Breakout) – $18.533
R5 (Breakout Target 1) – $18.628
R6 (Breakout Target 2) – $18.669

S1 – $18.344
S2 – $18.317
S3 (Range Support – Buy) – $18.290
S4 (Short Breakout) – $18.209
S5 (Breakout Target 1) – $18.114
S6 (Breakout Target 2) – $18.073

Copper (HG) for December delivery (1 Pound)

R1 – $2.2681
R2 – $2.2712
R3 (Range Resistance – Sell) – $2.2744
R4 (Long Breakout) – $2.2837
R5 (Breakout Target 1) – $2.2946
R6 (Breakout Target 2) – $2.2994

S1 – $2.2619
S2 – $2.2588
S3 (Range Support – Buy) – $2.2557
S4 (Short Breakout) – $2.2463
S5 (Breakout Target 1) – $2.2354
S6 (Breakout Target 2) – $2.2306

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

R1 – 991.6
R2 – 992.5
R3 (Range Resistance – Sell) – 993.5
R4 (Long Breakout) – 996.4
R5 (Breakout Target 1) – 999.8
R6 (Breakout Target 2) – 1,001.3

S1 – 989.6
S2 – 988.7
S3 (Range Support – Buy) – 987.7
S4 (Short Breakout) – 984.8
S5 (Breakout Target 1) – 981.4
S6 (Breakout Target 2) – 979.9

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

R1 – 349.0
R2 – 349.4
R3 (Range Resistance – Sell) – 349.8
R4 (Long Breakout) – 350.9
R5 (Breakout Target 1) – 352.3
R6 (Breakout Target 2) – 352.8

S1 – 348.2
S2 – 347.8
S3 (Range Support – Buy) – 347.4
S4 (Short Breakout) – 346.3
S5 (Breakout Target 1) – 344.9
S6 (Breakout Target 2) – 344.4

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

R1 – 414.7
R2 – 415.1
R3 (Range Resistance – Sell) – 415.6
R4 (Long Breakout) – 417.0
R5 (Breakout Target 1) – 418.6
R6 (Breakout Target 2) – 419.2

S1 – 413.7
S2 – 413.3
S3 (Range Support – Buy) – 412.8
S4 (Short Breakout) – 411.5
S5 (Breakout Target 1) – 409.8
S6 (Breakout Target 2) – 409.2

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

R1 – $2.774
R2 – $2.781
R3 (Range Resistance – Sell) – $2.789
R4 (Long Breakout) – $2.810
R5 (Breakout Target 1) – $2.836
R6 (Breakout Target 2) – $2.847

S1 – $2.760
S2 – $2.753
S3 (Range Support – Buy) – $2.745
S4 (Short Breakout) – $2.724
S5 (Breakout Target 1) – $2.698
S6 (Breakout Target 2) – $2.687

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

R1 – $44.19
R2 – $44.31
R3 (Range Resistance – Sell) – $44.43
R4 (Long Breakout) – $44.79
R5 (Breakout Target 1) – $45.20
R6 (Breakout Target 2) – $45.38

S1 – $43.95
S2 – $43.83
S3 (Range Support – Buy) – $43.71
S4 (Short Breakout) – $43.36
S5 (Breakout Target 1) – $42.94
S6 (Breakout Target 2) – $42.76