Commodities snapshot (precious & industrial)

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

Gold –

• Gold rose sharply today on weaker Dollar, back testing $1285 resistance area. Today’s range $1281-1264
• Gold is currently trading at $1278/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is best performer this week. Today’s range $17.5 -17.9
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.76 /troy ounce. Support lies at $16.5 & resistance at $17.8

Copper –

• Copper is best performer today over Chinese buying frenzy. Today’s range $2.29-2.21
• Copper is currently trading at $2.28/pound, immediate support lies at, $2.14 & resistance at  $2.3