Commodity Market: Support and Resistance Levels for Thursday (November 10th 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 – $18.445
R2 – $18.512
R3 (Range Resistance – Sell) – $18.579
R4 (Long Breakout) – $18.780
R5 (Breakout Target 1) – $19.014
R6 (Breakout Target 2) – $19.112

S1 – $18.311
S2 – $18.244
S3 (Range Support – Buy) – $18.177
S4 (Short Breakout) – $17.977
S5 (Breakout Target 1) – $17.742
S6 (Breakout Target 2) – $17.644

Copper (HG) for December delivery (1 Pound)

R1 – $2.4732
R2 – $2.4868
R3 (Range Resistance – Sell) – $2.5005
R4 (Long Breakout) – $2.5415
R5 (Breakout Target 1) – $2.5893
R6 (Breakout Target 2) – $2.6177

S1 – $2.4458
S2 – $2.4322
S3 (Range Support – Buy) – $2.4185
S4 (Short Breakout) – $2.3776
S5 (Breakout Target 1) – $2.3297
S6 (Breakout Target 2) – $2.3013

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

R1 – 994.0
R2 – 997.1
R3 (Range Resistance – Sell) – 1,000.1
R4 (Long Breakout) – 1,009.3
R5 (Breakout Target 1) – 1,019.9
R6 (Breakout Target 2) – 1,024.4

S1 – 988.0
S2 – 984.9
S3 (Range Support – Buy) – 981.9
S4 (Short Breakout) – 972.7
S5 (Breakout Target 1) – 962.1
S6 (Breakout Target 2) – 957.6

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

R1 – 341.9
R2 – 343.3
R3 (Range Resistance – Sell) – 344.6
R4 (Long Breakout) – 348.6
R5 (Breakout Target 1) – 353.3
R6 (Breakout Target 2) – 355.2

S1 – 339.3
S2 – 337.9
S3 (Range Support – Buy) – 336.6
S4 (Short Breakout) – 332.6
S5 (Breakout Target 1) – 327.9
S6 (Breakout Target 2) – 326.0

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

R1 – 407.9
R2 – 409.2
R3 (Range Resistance – Sell) – 410.5
R4 (Long Breakout) – 414.3
R5 (Breakout Target 1) – 418.8
R6 (Breakout Target 2) – 420.7

S1 – 405.3
S2 – 404.0
S3 (Range Support – Buy) – 402.8
S4 (Short Breakout) – 398.9
S5 (Breakout Target 1) – 394.4
S6 (Breakout Target 2) – 392.5

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

R1 – $2.708
R2 – $2.726
R3 (Range Resistance – Sell) – $2.744
R4 (Long Breakout) – $2.798
R5 (Breakout Target 1) – $2.862
R6 (Breakout Target 2) – $2.898

S1 – $2.672
S2 – $2.654
S3 (Range Support – Buy) – $2.636
S4 (Short Breakout) – $2.582
S5 (Breakout Target 1) – $2.518
S6 (Breakout Target 2) – $2.482

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

R1 – $45.53
R2 – $45.80
R3 (Range Resistance – Sell) – $46.06
R4 (Long Breakout) – $46.85
R5 (Breakout Target 1) – $47.78
R6 (Breakout Target 2) – $48.30

S1 – $45.01
S2 – $44.74
S3 (Range Support – Buy) – $44.48
S4 (Short Breakout) – $43.69
S5 (Breakout Target 1) – $42.76
S6 (Breakout Target 2) – $42.24

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