Commodities snapshot (precious & industrial)

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

Gold –

• Gold is higher on weaker Dollar, but gave up some of the gains heading into New York session. Today’s range $1242-1270
• Gold is currently trading at $1256/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is up today but lagging gold, still best performer this dropped sharply heading into New York. Today’s range $16.7 -17.7
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $16.85 /troy ounce. Support lies at $15 & resistance at $17.3, $17.8

Copper –

• Copper is up on weaker Dollar, but again sliding heading into New York session. Today’s range $2.23-2.28
• Copper is currently trading at $2.24/pound, immediate support lies at, $2.14 & resistance at  $2.3