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Commodities snapshot (precious & industrial)

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

Gold -

  • Gold is heading towards its support line around $1125 area as FED last night kept December hike possibility on the table.
  • Gold is currently trading at $1151/troy ounce. Immediate support lies at $1136 and resistance at $1165 area.

Silver -

  • Silver is down in line with gold after reaching first target area around $16.4/troy ounce. Today's range $16-15.55
  • Silver is currently trading at $15.6/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

  • Copper is struggling to gain above $2.38 area. Today's range $2.32-2.37.
  • 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 $2.33/pound, immediate support lies at, $2.2 & resistance at $2.5.

Gold

-1.12%

Silver

-1.20%

Copper

  -0.77%

  • Market Data
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