Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down today over fading risk aversion, as ECB fires Bazooka. Today's range $1255-1236 
• Gold is currently trading at $1249/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.
• Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

• Silver is up in contrast with gold. Today's range $15.15-15.4
• Silver is currently trading at $15.34/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper is down despite risk affinity. Today's range $2.24-2.22
• Longer term Call - Sell Copper targeting $1.75/pound. Copper target reached at $2.25, buy at correction below $2.2 targeting $2.45 area.
• Copper is currently trading at $2.22/pound, immediate support lies at, $2.12 & resistance at $2.26