Commodities snapshot (precious & industrial)

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

Gold -

• Gold gained as equities falter again. Today's range $1124-1140
• Gold is currently trading at $1138/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1140 area.
• Active call - Buy gold @1090 and at dips of every $10, with initial target of $1140.

Silver -

• Silver gained in line with gold. Today's range $14.25-14.72
• Silver is currently trading at $14.64/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

• Copper best performer today. Today's range $2.04-2.11
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.10/pound, immediate support lies at, $1.85 & resistance at $2.1.