Commodities snapshot (precious & industrial)

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

Gold -

• Gold is sharply up from support around $1100 area, focus on FOMC. Today's range - $1103-$1124
• Sell gold with target around $1070 area and stop around $1125 area.
• Gold is currently trading at $1123/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.

Silver -

• Silver sharply jumped back along with gold. Today's range $14.34-14.93
• Silver is currently trading at $14.92/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper is trading in green but yet to break above key resistance around $2.5. Today's range $2.46-2.41.
• 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 $2.5.