Commodities snapshot (precious & industrial)

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

Gold -

• Gold is heading towards its support line around $1125, broken below $1150 area.
• Gold is currently trading at $1142/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.

Silver -

• Silver is down and likely to move lower to test the trend line support. Today's range $15.47-15.7
• Silver is currently trading at $15.5/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper dropped further as strong dollar hurt commodities. Today's range $2.31-2.34.
• 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 $2.31/pound, immediate support lies at, $2.2 & resistance at $2.5.