Commodities Snapshot (metals)

The metal pack is up today. The performance this week at a glance in the chart & table -

Gold:

• Gold is struggling as the USD strengthens but up today as USD weakens. Today’s range $1205-1196
• Gold is currently trading at $1203/troy ounce. Immediate support lies at $1195, and resistance at $1250 area.

Silver:

• Further decline likely as the silver breaks key support around $14.2 area. Today’s range $14.15-13.94
• Silver is currently trading at $14.07/troy ounce. Support lies at $14.4 & resistance at $16

Copper:

• Copper is giving up gains of optimism over U.S. - China trade negotiations. Likely to decline further to test $2.5 area Today’s range $2.75-2.66
• Copper is currently trading at $2.71/pound, immediate support lies at, $2.55 & resistance at  $2.75