Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down for eighth consecutive day, and third consecutive week as non-farm surprised massive to the upside with wage growth.
• Gold is currently trading at $1087/troy ounce. Immediate support lies at $1100 and resistance at $1123 area.

Silver -

• Silver broken way below $15 support area. Today's range $15.1-14.7
• Silver is currently trading at $14.75/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is down in line with global commodities. Today's range $2.23-2.27
• In short term Copper might target $2.65/pound. But the upside target is increasingly looking bleak.
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.24/pound, immediate support lies at, $2.2 & resistance at $2.5.