Commodities snapshot (precious & industrial)

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

Gold –

• Gold is higher on risk aversion. Today’s range $1272-1287
• Gold is currently trading at $1278/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver –

• Silver is marginally down today. Today’s range $17.08 -17.43
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.31 /troy ounce. Support lies at $15.6, $16 & resistance at $17.2, $17.8, 18.4

Copper –

• Copper is best performer today on Chinese data. Today’s range $2.02-2.06
• 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 $2.05/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21