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Commodities snapshot (precious & industrial)

Metals are hardly moving today, with US closed for Independence Day. Performance this week at a glance in chart & table -

Gold -

  • Gold is treading water at low levels with US closed. No major safe haven bids over gold today, ahead of Greek referendum this week. Today's range - $1170-$1164
  • Gold is currently trading at $1167/troy ounce. Immediate support lies at $1152 and resistance at $1224, $1236-1240 area.  

Silver -

  • Silver is better bid heading to the weekend. Today's range $15.73-$15.6
  • Silver is currently trading at $15.67/troy ounce. Support lies at $15.42 & resistance at $17.5-17.7, 18.4-18.7.

Copper -

  • Copper seems ready to move down once again. Today's range $2.65 - 2.62
  • Sell copper with stop around $2.66, 2.68 and $2.72 with target of $2.51 and $2.4 area.
  • Copper is currently trading at $2.62/pound, immediate support lies at $2.5 & resistance at $2.75, $2.84, $2.89, $2.95.

Gold

-0.68%

Silver

-0.82%

Copper

 -0.64%

  • Market Data
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