Commodities snapshot (precious & industrial)

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

Gold 

• Gold bulls are lacking conviction and gold is on the verge of falling for ninth consecutive days.
• Gold is currently trading at $1089/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver 

• Silver is hovering below $15 support area. Today's range $14.5-14.95
• Silver is currently trading at $14.6/troy ounce. Support lies at $14.4 & resistance at $16.5.

Copper 

• Copper dropped over further evidence of China's trade slowing down. Today's range $2.23-2.25
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.24/pound, immediate support lies at, $2.2 & resistance at $2.5.