Commodities snapshot (precious & industrial)

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

Gold -

• Gold broke above key resistance around $1152 and headed higher. Today's range - $1138-$1159.
• Gold might reach as high as $1225.
• Gold is currently trading at $1158/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver finding resistance around $16/troy ounce. Silver might move higher first around $16.4 and later $17.7 area. Today's range $16.02-15.60
• Silver is currently trading at $15.87/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is sharply up today. Glencore announced to reduce Zinc production by 500,000 tons. This overall boosted metal segment. Today's range $2.34-2.44.
• In short term Copper might target $2.69/pound.
• Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
• Copper is currently trading at $2.41/pound, immediate support lies at, $2.2 & resistance at $2.5.