Commodities snapshot (precious & industrial)

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

Gold -

• Gold is up over rising risk aversion. Today's range $1250-1221 
• Gold is currently trading at $1249/troy ounce. Immediate support lies at $1180 and resistance at $1260 area.
• Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

• Silver is up, in line with gold. Today's range $15.16-15.60
• Silver is currently trading at $15.2/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper on the other hand is down today due to risk aversion. Today's range $2.06-2.11
• Longer term Call - Sell Copper targeting $1.85/pound. In the short run Copper might rise to as high as $2.25 area.
• Copper is currently trading at $2.08/pound, immediate support lies at, $1.95 & resistance at $2.15