Commodities snapshot (precious & industrial)

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

Gold:

• Gold is marginally higher as the dollar retreats. Likely to slide towards $1090 per troy ounce.  Today’s range $1137-1129
• Gold is currently trading at $1135/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is still testing key support around $16 area. The break hasn’t been decisive yet but further selloffs can’t be ruled out. Today’s range $15.92-16.2
• Silver is currently trading at $16.04/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is the best performer of the day. Today’s range $2.5-2.52
• Active call – Sell copper targeting $2.15 per pound   
• Copper is currently trading at $2.51/pound, immediate support lies at, $2.4 & resistance at  $2.86