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Commodities snapshot (precious & industrial)

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

 

Gold –

 

  • Gold is heading to test support around $1180/troy ounce. Today’s range $1233-1252
  • Gold is currently trading at $1235/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

 

Silver –

 

  • Silver is much better performer than gold today. Today’s range $16.2 -16.45
  • Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
  • Silver is currently trading at $16.36 /troy ounce. Support lies at $16 & resistance at $17.2, $17.8, 18.4

 

Copper –

 

  • Copper is flat for the day. Today’s range $2.04-2.08
  • Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
  • Copper is currently trading at $2.08/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21

 

Gold

-1.29%

Silver

-0.73%

Copper

 +1.66%

 

  • Market Data
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