Commodities snapshot (precious & industrial)

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

Gold -

• Gold is up on short covering after FED minutes, not much firework though. Today's range $1069-1084
• Gold is currently trading at $1082/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver -

• Silver bounced back from key support around $14. Today's range $14.41-14.13
• Silver is currently trading at $14.35/troy ounce. Support lies at $14 & resistance at $, 15.2, $16.5.

Copper -

• Copper is marginally up after 11 consecutive decline. Today's range $2.09-2.06
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.08/pound, immediate support lies at, $2 & resistance at $2.35.