Commodities snapshot (precious & industrial)

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

Gold -

• Gold is back down since yesterday as equities rise. Today's range $1233-1224 
• Gold is currently trading at $1231/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 today, contrasting with gold. Today's range $14.74-14.91
• Silver is currently trading at $14.86/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper is broke above key resistance around 2.15 area as anticipated, further rise likely. Today's range $2.13-2.18
• 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 $2.17/pound, immediate support lies at, $1.95 & resistance at $2.15