Commodities snapshot (precious & industrial)

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

Gold -

• Gold is benefiting from higher demand for ETFs. Today's range $1215-1236 
• Gold is currently trading at $1226/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 $14.6-14.87
• Silver is currently trading at $14.72/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper benefited from struggling risk aversion momentum. Today's range $2.1-2.13
• 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 $2.12/pound, immediate support lies at, $1.95 & resistance at $2.15