Commodity Market: Support and Resistance Levels for Monday (November 14th 2016)

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

R1 – $17.536
R2 – $17.690
R3 (Range Resistance – Sell) – $17.844
R4 (Long Breakout) – $18.306
R5 (Breakout Target 1) – $18.846
R6 (Breakout Target 2) – $19.083

S1 – $17.228
S2 – $17.074
S3 (Range Support – Buy) – $16.920
S4 (Short Breakout) – $16.458
S5 (Breakout Target 1) – $15.918
S6 (Breakout Target 2) – $15.681

Copper (HG) for December delivery (1 Pound)

R1 – $2.5309
R2 – $2.5527
R3 (Range Resistance – Sell) – $2.5746
R4 (Long Breakout) – $2.6402
R5 (Breakout Target 1) – $2.7168
R6 (Breakout Target 2) – $2.7487

S1 – $2.4871
S2 – $2.4653
S3 (Range Support – Buy) – $2.4434
S4 (Short Breakout) – $2.3778
S5 (Breakout Target 1) – $2.3012
S6 (Breakout Target 2) – $2.2693

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

R1 – 989.8
R2 – 993.5
R3 (Range Resistance – Sell) – 997.3
R4 (Long Breakout) – 1,008.6
R5 (Breakout Target 1) – 1,021.7
R6 (Breakout Target 2) – 1,027.4

S1 – 982.2
S2 – 978.5
S3 (Range Support – Buy) – 974.7
S4 (Short Breakout) – 963.5
S5 (Breakout Target 1) – 950.3
S6 (Breakout Target 2) – 944.6

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

R1 – 340.8
R2 – 341.3
R3 (Range Resistance – Sell) – 341.9
R4 (Long Breakout) – 343.5
R5 (Breakout Target 1) – 345.4
R6 (Breakout Target 2) – 346.2

S1 – 339.7
S2 – 339.1
S3 (Range Support – Buy) – 338.6
S4 (Short Breakout) – 336.9
S5 (Breakout Target 1) – 335.0
S6 (Breakout Target 2) – 334.2

Chicago Soft Red Winter Wheat (SRW) for March 2017 delivery (in US cents per 1 Bushel)

R1 – 422.0
R2 – 422.5
R3 (Range Resistance – Sell) – 423.1
R4 (Long Breakout) – 424.8
R5 (Breakout Target 1) – 426.8
R6 (Breakout Target 2) – 427.6

S1 – 420.8
S2 – 420.3
S3 (Range Support – Buy) – 419.7
S4 (Short Breakout) – 418.0
S5 (Breakout Target 1) – 416.0
S6 (Breakout Target 2) – 415.2

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

R1 – $2.631
R2 – $2.643
R3 (Range Resistance – Sell) – $2.655
R4 (Long Breakout) – $2.691
R5 (Breakout Target 1) – $2.732
R6 (Breakout Target 2) – $2.752

S1 – $2.607
S2 – $2.595
S3 (Range Support – Buy) – $2.583
S4 (Short Breakout) – $2.548
S5 (Breakout Target 1) – $2.506
S6 (Breakout Target 2) – $2.486

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

R1 – $43.56
R2 – $43.70
R3 (Range Resistance – Sell) – $43.85
R4 (Long Breakout) – $44.29
R5 (Breakout Target 1) – $44.80
R6 (Breakout Target 2) – $45.02

S1 – $43.26
S2 – $43.12
S3 (Range Support – Buy) – $42.97
S4 (Short Breakout) – $42.53
S5 (Breakout Target 1) – $42.02
S6 (Breakout Target 2) – $41.80