Commodity Market: Support and Resistance Levels for Thursday (November 24th 2016)

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

R1 – $16.443
R2 – $16.496
R3 (Range Resistance – Sell) – $16.548
R4 (Long Breakout) – $16.705
R5 (Breakout Target 1) – $16.888
R6 (Breakout Target 2) – $16.969

S1 – $16.339
S2 – $16.287
S3 (Range Support – Buy) – $16.234
S4 (Short Breakout) – $16.078
S5 (Breakout Target 1) – $15.894
S6 (Breakout Target 2) – $15.813

Copper (HG) for December delivery (1 Pound)

R1 – $2.6171
R2 – $2.6268
R3 (Range Resistance – Sell) – $2.6364
R4 (Long Breakout) – $2.6653
R5 (Breakout Target 1) – $2.6990
R6 (Breakout Target 2) – $2.7161

S1 – $2.5979
S2 – $2.5883
S3 (Range Support – Buy) – $2.5786
S4 (Short Breakout) – $2.5498
S5 (Breakout Target 1) – $2.5160
S6 (Breakout Target 2) – $2.4989

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

R1 – 1,035.9
R2 – 1,037.6
R3 (Range Resistance – Sell) – 1,039.3
R4 (Long Breakout) – 1,044.3
R5 (Breakout Target 1) – 1,050.2
R6 (Breakout Target 2) – 1,052.9

S1 – 1,032.5
S2 – 1,030.8
S3 (Range Support – Buy) – 1,029.1
S4 (Short Breakout) – 1,024.1
S5 (Breakout Target 1) – 1,018.2
S6 (Breakout Target 2) – 1,015.5

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

R1 – 351.0
R2 – 351.4
R3 (Range Resistance – Sell) – 351.9
R4 (Long Breakout) – 353.1
R5 (Breakout Target 1) – 354.6
R6 (Breakout Target 2) – 355.3

S1 – 350.2
S2 – 349.8
S3 (Range Support – Buy) – 349.3
S4 (Short Breakout) – 348.1
S5 (Breakout Target 1) – 346.6
S6 (Breakout Target 2) – 345.9

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

R1 – 402.4
R2 – 403.4
R3 (Range Resistance – Sell) – 404.4
R4 (Long Breakout) – 407.5
R5 (Breakout Target 1) – 411.0
R6 (Breakout Target 2) – 412.5

S1 – 400.4
S2 – 399.4
S3 (Range Support – Buy) – 398.4
S4 (Short Breakout) – 395.4
S5 (Breakout Target 1) – 391.8
S6 (Breakout Target 2) – 390.3

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

R1 – $3.039
R2 – $3.053
R3 (Range Resistance – Sell) – $3.066
R4 (Long Breakout) – $3.107
R5 (Breakout Target 1) – $3.154
R6 (Breakout Target 2) – $3.179

S1 – $3.013
S2 – $3.000
S3 (Range Support – Buy) – $2.986
S4 (Short Breakout) – $2.945
S5 (Breakout Target 1) – $2.898
S6 (Breakout Target 2) – $2.873

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

R1 – $48.05
R2 – $48.15
R3 (Range Resistance – Sell) – $48.24
R4 (Long Breakout) – $48.53
R5 (Breakout Target 1) – $48.86
R6 (Breakout Target 2) – $49.00

S1 – $47.87
S2 – $47.77
S3 (Range Support – Buy) – $47.68
S4 (Short Breakout) – $47.39
S5 (Breakout Target 1) – $47.06
S6 (Breakout Target 2) – $46.92