Commodities snapshot (precious & industrial)

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

Gold 

• Gold is heading down for sixth consecutive week. Today's range $1078-1066
• Gold is currently trading at $1068/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver 

• Silver dropped to lowest level since August 2009 below $14/troy ounce. Today's range $14.2-13.91
• Silver is currently trading at $14.09/troy ounce. Support lies at $14 & resistance at $, 15.2, $16.5.

Copper 

• Copper is down almost a percent today, recovered from more. Further slide likely, however $2/pound is likely to provide some support. Today's range $2-2.06
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.02/pound, immediate support lies at, $2 & resistance at $2.35.