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Metal pack is mixed as precious is trading in red, industrial is trading in green today. Performance this week at a glance in chart & table -
Gold -
- Gold is down to support around $1100 area. Today's range - $1125-$1101
- Sell gold with target around $1070 area and stop around $1130 area.
- Gold is currently trading at $1103/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.
Silver -
- Silver is keeping on finding support around $14.5 area. Today's range $14.95-14.58
- Silver is currently trading at $14.6/troy ounce. Support lies at $14 & resistance at $16.
Copper -
- Copper is best performer today, after Glencore announced to shut some of its mines for next 18 months yesterday, leading to large amount of short covering. Today's range $2.42-2.47.
- Buy Copper with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
- Copper is currently trading at $2.44/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.45.
|
Gold |
-1.61% |
|
Silver |
+0.41% |
|
Copper |
+5.35% |
