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, red for third consecutive week.
• Gold is currently trading at $1135/troy ounce. Immediate support lies at $1122 and resistance at $1143 area.

Silver -

• Silver is down and likely to move lower to test the trend line support around $15 area. Today's range $15.25-15.55
• Silver is currently trading at $15.33/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper -

• Copper dropped further as China's manufacturing remain in contraction. Today's range $2.28-2.32.
• 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 $2.3/pound, immediate support lies at, $2.2 & resistance at $2.5.