Commodity Market: Support and Resistance Levels for Tuesday (November 8th 2016)

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

R1 – $18.177
R2 – $18.203
R3 (Range Resistance – Sell) – $18.229
R4 (Long Breakout) – $18.308
R5 (Breakout Target 1) – $18.399
R6 (Breakout Target 2) – $18.438

S1 – $18.125
S2 – $18.099
S3 (Range Support – Buy) – $18.073
S4 (Short Breakout) – $17.994
S5 (Breakout Target 1) – $17.903
S6 (Breakout Target 2) – $17.864

Copper (HG) for December delivery (1 Pound)

R1 – $2.3151
R2 – $2.3208
R3 (Range Resistance – Sell) – $2.3264
R4 (Long Breakout) – $2.3433
R5 (Breakout Target 1) – $2.3631
R6 (Breakout Target 2) – $2.3725

S1 – $2.3039
S2 – $2.2982
S3 (Range Support – Buy) – $2.2926
S4 (Short Breakout) – $2.2757
S5 (Breakout Target 1) – $2.2559
S6 (Breakout Target 2) – $2.2465

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

R1 – 999.5
R2 – 1,000.5
R3 (Range Resistance – Sell) – 1,001.6
R4 (Long Breakout) – 1,004.8
R5 (Breakout Target 1) – 1,008.5
R6 (Breakout Target 2) – 1,010.1

S1 – 997.3
S2 – 996.3
S3 (Range Support – Buy) – 995.2
S4 (Short Breakout) – 992.0
S5 (Breakout Target 1) – 988.3
S6 (Breakout Target 2) – 986.7

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

R1 – 346.6
R2 – 347.0
R3 (Range Resistance – Sell) – 347.4
R4 (Long Breakout) – 348.6
R5 (Breakout Target 1) – 350.0
R6 (Breakout Target 2) – 350.6

S1 – 345.8
S2 – 345.4
S3 (Range Support – Buy) – 345.0
S4 (Short Breakout) – 343.8
S5 (Breakout Target 1) – 342.4
S6 (Breakout Target 2) – 341.8

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

R1 – 410.8
R2 – 411.7
R3 (Range Resistance – Sell) – 412.5
R4 (Long Breakout) – 415.1
R5 (Breakout Target 1) – 418.0
R6 (Breakout Target 2) – 419.3

S1 – 409.2
S2 – 408.3
S3 (Range Support – Buy) – 407.5
S4 (Short Breakout) – 404.9
S5 (Breakout Target 1) – 402.0
S6 (Breakout Target 2) – 400.7

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

R1 – $2.825
R2 – $2.833
R3 (Range Resistance – Sell) – $2.842
R4 (Long Breakout) – $2.868
R5 (Breakout Target 1) – $2.898
R6 (Breakout Target 2) – $2.911

S1 – $2.807
S2 – $2.799
S3 (Range Support – Buy) – $2.790
S4 (Short Breakout) – $2.764
S5 (Breakout Target 1) – $2.734
S6 (Breakout Target 2) – $2.721

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

R1 – $44.97
R2 – $45.06
R3 (Range Resistance – Sell) – $45.14
R4 (Long Breakout) – $45.39
R5 (Breakout Target 1) – $45.67
R6 (Breakout Target 2) – $45.81

S1 – $44.81
S2 – $44.73
S3 (Range Support – Buy) – $44.64
S4 (Short Breakout) – $44.40
S5 (Breakout Target 1) – $44.11
S6 (Breakout Target 2) – $43.97