Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down for seventh consecutive day, and third consecutive week. Gold after breaking support around $1120 has broken below to another support area of $1105.
• Gold is currently trading at $1106/troy ounce. Immediate support lies at $1100 and resistance at $1123 area.

Silver -

• Silver has reached target and support around $15 area. Today's range $15.1-14.93
• Silver is currently trading at $15.02/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is sharply down today, continuing its rout. Today's range $2.32-2.36.
• In short term Copper might target $2.69/pound. But the upside target is increasingly looking bleak.
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.25/pound, immediate support lies at, $2.2 & resistance at $2.5.