Commodities snapshot (precious & industrial)

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

Gold -

• Gold is up in the face of risk aversion. Today's range $1108-1097
• Gold is currently trading at $1106/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108, $1120 area.
• Active call - Buy gold @1090 and at dips of every $10, with initial target of $1140.

Silver -

• Silver is up in line with gold. Today's range $14-14.32
• Silver is currently trading at $14.24/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

• Copper is up today as selloff over China abated. Today's range $1.98-2.01
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $1.99/pound, immediate support lies at, $1.85 & resistance at $2.1.