Commodities snapshot (precious & industrial)

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

Gold -

• Gold is heading lower form key resistance area, focus on FOMC minutes. Today's range - $1136-$1147.
• Gold is currently trading at $1144/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver finding resistance around $16/troy ounce. Silver might move higher first around $16.4 and later $17.7 area. Today's range $16.02-15.4
• Silver is currently trading at $15.68/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper is sharply lower today. China market opened after long holiday today. Today's range $2.31-2.37.
• In short term Copper might target $2.69/pound.
• Longer term Call - Sell Copper targeting $1.85/pound, though it might gain in the short term.
• Copper is currently trading at $2.33/pound, immediate support lies at, $2.2 & resistance at $2.5.