Commodity Market: Support and Resistance Levels for Tuesday (November 22nd 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 – $16.544
R2 – $16.567
R3 (Range Resistance – Sell) – $16.590
R4 (Long Breakout) – $16.659
R5 (Breakout Target 1) – $16.739
R6 (Breakout Target 2) – $16.771

S1 – $16.498
S2 – $16.475
S3 (Range Support – Buy) – $16.452
S4 (Short Breakout) – $16.384
S5 (Breakout Target 1) – $16.303
S6 (Breakout Target 2) – $16.271

Copper (HG) for December delivery (1 Pound)

R1 – $2.5215
R2 – $2.5279
R3 (Range Resistance – Sell) – $2.5344
R4 (Long Breakout) – $2.5538
R5 (Breakout Target 1) – $2.5764
R6 (Breakout Target 2) – $2.5869

S1 – $2.5085
S2 – $2.5021
S3 (Range Support – Buy) – $2.4956
S4 (Short Breakout) – $2.4762
S5 (Breakout Target 1) – $2.4536
S6 (Breakout Target 2) – $2.4431

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

R1 – 1,022.6
R2 – 1,025.0
R3 (Range Resistance – Sell) – 1,027.4
R4 (Long Breakout) – 1,034.5
R5 (Breakout Target 1) – 1,042.9
R6 (Breakout Target 2) – 1,046.8

S1 – 1,017.8
S2 – 1,015.4
S3 (Range Support – Buy) – 1,013.1
S4 (Short Breakout) – 1,005.9
S5 (Breakout Target 1) – 997.5
S6 (Breakout Target 2) – 993.6

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

R1 – 350.1
R2 – 350.6
R3 (Range Resistance – Sell) – 351.1
R4 (Long Breakout) – 352.6
R5 (Breakout Target 1) – 354.3
R6 (Breakout Target 2) – 355.1

S1 – 349.1
S2 – 348.6
S3 (Range Support – Buy) – 348.1
S4 (Short Breakout) – 346.6
S5 (Breakout Target 1) – 344.9
S6 (Breakout Target 2) – 344.1

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

R1 – 410.9
R2 – 411.6
R3 (Range Resistance – Sell) – 412.3
R4 (Long Breakout) – 414.4
R5 (Breakout Target 1) – 416.8
R6 (Breakout Target 2) – 417.9

S1 – 409.5
S2 – 408.8
S3 (Range Support – Buy) – 408.1
S4 (Short Breakout) – 406.0
S5 (Breakout Target 1) – 403.6
S6 (Breakout Target 2) – 402.5

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

R1 – $2.958
R2 – $2.965
R3 (Range Resistance – Sell) – $2.973
R4 (Long Breakout) – $2.995
R5 (Breakout Target 1) – $3.021
R6 (Breakout Target 2) – $3.034

S1 – $2.942
S2 – $2.935
S3 (Range Support – Buy) – $2.927
S4 (Short Breakout) – $2.905
S5 (Breakout Target 1) – $2.879
S6 (Breakout Target 2) – $2.866

Crude Oil (CL) for January 2017 delivery (1 Barrel)

R1 – $48.43
R2 – $48.62
R3 (Range Resistance – Sell) – $48.80
R4 (Long Breakout) – $49.37
R5 (Breakout Target 1) – $50.03
R6 (Breakout Target 2) – $50.37

S1 – $48.05
S2 – $47.86
S3 (Range Support – Buy) – $47.68
S4 (Short Breakout) – $47.11
S5 (Breakout Target 1) – $46.45
S6 (Breakout Target 2) – $46.11

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