Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down marginally ahead of FOMC. Today's range $1116-1122
• Gold is currently trading at $1119/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 down in line with gold. Today's range $14.55-14.32
• Silver is currently trading at $14.44/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

• Copper is showing relative strength ahead of FOMC. Today's range $2.03-2.05
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.04/pound, immediate support lies at, $1.85 & resistance at $2.1.