Commodity Market: Support and Resistance Levels for Tuesday (November 22nd 2016)

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