Commodities snapshot (precious & industrial)

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

Gold -

• Gold is struggling to make gains as sellers remain at large. However gold is consolidating around key level, more than two yearlong downward sloping channel floor around $1050. Today's range $1075-1069
• Gold is currently trading at $1072/troy ounce. Immediate support lies at $1050 and resistance at $1108 area.

Silver -

• Silver is back testing $14 area once again looking for support. Today's range $14.11-14.41
• Silver is currently trading at $14.25/troy ounce. Support lies at $14 & resistance at $, 15.2, $16.5.

Copper -

• Copper is up, but down-side pressure remains over demand/supply concern. Today's range $2.04-2.13
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.08/pound, immediate support lies at, $2 & resistance at $2.35.

Gold	-0.52%
Silver	+0.59%
Copper	+2.01%