Commodities snapshot (precious & industrial)

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

Gold -

• Gold traded below $1100 area, however still finding bids in that region. Today's range - $1113-$1098
• Sell gold with target around $1070 area and stop around $1150 area.
• Gold is currently trading at $1103/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.

Silver -

• Silver bulls finally gave up $14.5 area under heavy selling pressure. Today's range $14.77-14.29
• Silver is currently trading at $14.5/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper is hovering just above key resistance of $2.43, struggling to break free of $2.5/pound, psychological support area. Today's range $2.42-2.47.
• Active call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
• Copper is currently trading at $2.45/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.45.