Commodities snapshot (precious & industrial)

Metal pack is trading red in today's trading. Performance this week at a glance in chart & table -

Gold -

• Gold gained further after price broke above $1168-70 resistance. Today's range - $1174-$1191.
• Gold might reach as high as $1225.
• Gold is currently trading at $1185/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver broken above resistance around $16/troy ounce but still struggling. Silver might move higher first around $16.4 and later $17.7 area. Today's range $15.9-16.2
• Silver is currently trading at $16.12/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is marginally down today after rising yesterday over weak US data. Today's range $2.43-2.40.
• In short term Copper might target $2.69/pound.
• Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
• Copper is currently trading at $2.41/pound, immediate support lies at, $2.2 & resistance at $2.5.