Commodities snapshot (precious & industrial)

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

Gold –

• Gold is up on weaker Dollar, testing $1300 area. Today’s range $1290-1304
• Gold is currently trading at $1296/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is testing key $18 level, poised for further gfains. Today’s range $17.7 -18.04
• 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 flat today. Today’s range $2.29-2.26
• Copper is currently trading at $2.27/pound, immediate support lies at, $2.14 & resistance at  $2.3