Commodity Market: Support and Resistance Levels for Monday (November 14th 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 – $17.536
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

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