Commodity Market: Support and Resistance Levels for Tuesday (November 15th 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 – $16.973
R2 – $17.053
R3 (Range Resistance – Sell) – $17.132
R4 (Long Breakout) – $17.372
R5 (Breakout Target 1) – $17.651
R6 (Breakout Target 2) – $17.777

S1 – $16.813
S2 – $16.734
S3 (Range Support – Buy) – $16.654
S4 (Short Breakout) – $16.415
S5 (Breakout Target 1) – $16.135
S6 (Breakout Target 2) – $16.009

Copper (HG) for December delivery (1 Pound)

R1 – $2.5327
R2 – $2.5445
R3 (Range Resistance – Sell) – $2.5562
R4 (Long Breakout) – $2.5914
R5 (Breakout Target 1) – $2.6325
R6 (Breakout Target 2) – $2.6516

S1 – $2.5093
S2 – $2.4975
S3 (Range Support – Buy) – $2.4858
S4 (Short Breakout) – $2.4506
S5 (Breakout Target 1) – $2.4095
S6 (Breakout Target 2) – $2.3904

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

R1 – 985.5
R2 – 986.8
R3 (Range Resistance – Sell) – 988.2
R4 (Long Breakout) – 992.1
R5 (Breakout Target 1) – 996.7
R6 (Breakout Target 2) – 998.7

S1 – 982.9
S2 – 981.6
S3 (Range Support – Buy) – 980.2
S4 (Short Breakout) – 976.3
S5 (Breakout Target 1) – 971.7
S6 (Breakout Target 2) – 969.7

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

R1 – 337.7
R2 – 338.2
R3 (Range Resistance – Sell) – 338.7
R4 (Long Breakout) – 340.3
R5 (Breakout Target 1) – 342.1
R6 (Breakout Target 2) – 342.8

S1 – 336.7
S2 – 336.2
S3 (Range Support – Buy) – 335.7
S4 (Short Breakout) – 334.1
S5 (Breakout Target 1) – 332.3
S6 (Breakout Target 2) – 331.6

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

R1 – 413.4
R2 – 414.4
R3 (Range Resistance – Sell) – 415.4
R4 (Long Breakout) – 418.5
R5 (Breakout Target 1) – 422.0
R6 (Breakout Target 2) – 423.4

S1 – 411.4
S2 – 410.4
S3 (Range Support – Buy) – 409.4
S4 (Short Breakout) – 406.4
S5 (Breakout Target 1) – 402.8
S6 (Breakout Target 2) – 401.4

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

R1 – $2.761
R2 – $2.774
R3 (Range Resistance – Sell) – $2.786
R4 (Long Breakout) – $2.823
R5 (Breakout Target 1) – $2.866
R6 (Breakout Target 2) – $2.888

S1 – $2.737
S2 – $2.724
S3 (Range Support – Buy) – $2.712
S4 (Short Breakout) – $2.675
S5 (Breakout Target 1) – $2.632
S6 (Breakout Target 2) – $2.610

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

R1 – $43.47
R2 – $43.62
R3 (Range Resistance – Sell) – $43.76
R4 (Long Breakout) – $44.21
R5 (Breakout Target 1) – $44.72
R6 (Breakout Target 2) – $44.97

S1 – $43.17
S2 – $43.02
S3 (Range Support – Buy) – $42.88
S4 (Short Breakout) – $42.43
S5 (Breakout Target 1) – $41.92
S6 (Breakout Target 2) – $41.67

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