Commodities snapshot (precious & industrial)

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

Gold -

• Gold is sharply up heading into FOMC. Today's range - $1165-$1183.
• Gold might reach as high as $1225. However in the immediate term a test of $1125 support line is possible.
• Gold is currently trading at $1177/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver reached its first target and key resistance area around $16.4 and might later target $17.7 area. Today's range $16.4-15.75
• Silver is currently trading at $16.3/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is almost flat. Today's range $2.32-2.37.
• 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 $2.37/pound, immediate support lies at, $2.2 & resistance at $2.5.