Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down more than 1% today. Next stop could be around $1050, price has reached lowest point since July. Today's range $1089-1074
• Gold is currently trading at $1080/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver -

• Silver is relatively better performer, however closing in on key support around $14. Today's range $14.5-14.2
• Silver is currently trading at $14.26/troy ounce. Support lies at $14 & resistance at $16.5.

Copper -

• Copper is down for seventh consecutive days. China's weakness is still weighing on copper. Today's range $2.22-2.16
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.17/pound, immediate support lies at, $2 & resistance at $2.35.