Commodities snapshot (precious & industrial)

Metals are overall flat today. Performance this week at a glance in chart & table -

Gold -

• Gold is trading close to $1178 support area, awaiting today's NFP report to be released at 12:30 GMT. Stronger NFP would break support of $1178, while gold bulls would face resistance around $1200 over weaker NFP.
  
• Gold is currently trading at $1186/troy ounce. Immediate support lies at $1178, $1160 and resistance at $1209, $1224 and $1236-1240 area.

Silver -

• Silver is struggling to break resistance around $16.6 area, today's NFP might provide the cues necessary. Overall bias remains on downside.
  
• Mint ratio is down -0.3%, currently at 72.3. Mint ratio and precious metal prices are inversely related more often than not.
  
  
• Silver is currently trading at $16.4/troy ounce. Support lies at $15.42, $14 & resistance at $16.3-$16.6, $17.5-17.7.

Copper -

• Copper bulls are awaiting NFP to break free of $2.95 resistance area. Weaker dollar might do the trick. Weaker Chinese import data down by -16.2% in April is posing headwinds for the bulls.
  
• Bulls might be targeting $3.1-3.16 area if breakout is successful. However $3 might provide psychological resistance.
  
  
• Copper is currently trading at $2.91/pound, immediate support lies at $2.86, $2.76 & resistance at $2.95, $3.07.