Commodities snapshot (precious & industrial)

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

Gold –

• Gold is down as equities broadly stronger.  Today’s range $1214-1222
• Gold is currently trading at $1219/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is down in line with gold today. Today’s range $15.12-14.88
• Silver is currently trading at $15/troy ounce. Support lies at $14.1 & resistance at $16

Copper –

• Copper is down for fifth consecutive day as bullish momentum fades. Today’s range $2.15-2.175
• Longer term Call – Sell Copper targeting $1.75/pound but will sell higher.  Copper selloffs may intensify and price might test $2 area once more in the near term.
• Copper is currently trading at $2.16/pound, immediate support lies at, $2.12 & resistance at $2.26, $2.42