Commodities snapshot (precious & industrial)

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

Gold –

• Gold is higher today, trying to recover from the sharp drop last night. Today’s range $1290-1276
• Gold is currently trading at $1289/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver –

• Silver is best performer today. Today’s range $17.49 -17.13
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.49 /troy ounce. Support lies at $15.6, $16 & resistance at $17.2, $17.8, 18.4

Copper –

• Copper is higher as fund flows back into commodities. Today’s range $2.04-2.07
• 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 $2.04/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21