Commodities snapshot (precious & industrial)

Metals are heavily down today. Performance this week at a glance in chart & table -

Gold -

• Gold dropped to new yearly low as dollar gained ground. Today's range - $1146-$1131
• Gold is likely to drop towards $1100.
• Gold is currently trading at $1133/troy ounce. Immediate support lies at $1125 and resistance at $1154, $1173, $1190 area.

Silver -

• Silver dropped but way better performer than gold. Today's range $15.05-14.85
• Silver is likely to drop as low as $14
• Silver is currently trading at $14.90/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper broke below interim support around $2.5. Today's range $2.54-2.47
• Next target is around $2.24.
• Copper is currently trading at $2.49/pound, immediate support lies at, $2.2 & resistance at $2.65.