Commodities snapshot (precious & industrial)

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

Gold -

• Gold is marginally down after two days of recovery. Today's range $1074-1081
• Gold is currently trading at $1075/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1108 area.

Silver -

• Silver is down in line with gold. Today's range $14.2-14.42
• Silver is currently trading at $14.28/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

• Copper is worst performer today, despite China's assurance of further stimulus. Today's range $2.11-2.14
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.12/pound, immediate support lies at, $2 & resistance at $2.35.