Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down sharply as risk affinity beats aversion. Today’s range $1326-1305
• Gold is currently trading at $1310/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver:

• Silver is also down but less compared to gold. Today’s range $17.5 -17.8
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $17.61 /troy ounce. Support lies at $16.6, $17 & resistance at 18.4

Copper:

• Copper is the best performer today and this week. Today’s range $2.12-2.17
• 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 $2.11/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21