Commodities snapshot (precious & industrial) – ignore previous entry

Metal pack is trading in green today. Performance this week at a glance in chart & table -

Gold -

• Gold has found support around $1115 area. Today's range - $1127-$1118
• Sell gold with target around $1070 area and stop around $1150 area.
• Gold is currently trading at $1125/troy ounce. Immediate support lies at $1108 and resistance at $1168 area.

Silver -

• Silver is keeping on finding support around $14.5 area. Today's range $14.90-14.46
• Silver is currently trading at $14.86/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper is best performer today, after Glencore announced to shut some of its mines for next 18 months yesterday, leading to large amount of short covering.. Today's range $2.32-2.44.
• Copper is currently trading at $2.43/pound, immediate support lies at, $2.2, 2.29 & resistance at $2.45.