Commodities snapshot (precious & industrial)

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

Gold:

• Gold is up today but likely to face selling pressure around $1200 area. Likely to slide towards $1090 per troy ounce.  Today’s range $1173-1182
• Gold is currently trading at $1178/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver keeps on hovering above key support around $16 area. Today’s range $16.2-16.7
• Silver is currently trading at $16.53/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is the worst performer of the day. Today’s range $2.55-2.52
• Active call – Sell copper targeting $2.15 per pound   
• Copper is currently trading at $2.53/pound, immediate support lies at, $2.4 & resistance at  $2.86