Commodities snapshot (precious & industrial)

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

Gold -

• Gold is up as risk aversion returns. Today's range $1115-1129
• Gold is currently trading at $1126/troy ounce. Immediate support lies at $1050, $1030 and resistance at $1140 area.
• Active call - Buy gold @1090 and at dips of every $10, with initial target of $1140.

 

Silver -

• Silver gained ground in line with gold. Today's range $14.18-14.44
• Silver is currently trading at $14.36/troy ounce. Support lies at $13.6 & resistance at $14.4, $15.5.

Copper -

• Copper is relatively better performer. Today's range $2.03-2.07
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.05/pound, immediate support lies at, $1.85 & resistance at $2.1.

Gold	+0.81%
Silver	+0.64%
Copper	-0.44%