Commodities snapshot (precious & industrial)

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

Gold –

• Gold is marginally down today, consolidating ahead of tomorrow’s FOMC minutes. Today’s range $1268-1281
• Gold is currently trading at $1272/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is down in line with gold. Today’s range $17.3 -17
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.3 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

Copper –

• Copper gave up early gains and now flat for the day. Today’s range $2.07-2.11
• Copper is currently trading at $2.08/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21