Commodities snapshot (precious & industrial)

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

Gold –

• Gold is sharply higher on weaker Dollar today.  Today’s range $1254-1239
• Gold is currently trading at $1251/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is sharply higher since last Friday. Today’s range $15.3 -15.8
• Silver is currently trading at $15.73/troy ounce. Support lies at $14.1 & resistance at $16

Copper –

• Copper is flat today after last week’s big selloffs. Today’s range $2.07-2.11
• 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 $2.09/pound, immediate support lies at, $2 & resistance at $2.15, $2.19