Commodities snapshot (precious & industrial)

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

Gold -

• Gold is finding some bids, but weak due to lack of major risk aversion. Today's range $1212-1195
• Gold is currently trading at $1206/troy ounce. Immediate support lies at $1180 and resistance at $1230 area.
• Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

• Silver is marginally higher, similar to gold. Today's range $15.14-15.36
• Silver is currently trading at $15.29/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper is up, as Chinese equities recovered. Today's range $2.07-2.04
• Longer term Call - Sell Copper targeting $1.85/pound.
• Copper is currently trading at $2.06/pound, immediate support lies at, $1.95 & resistance at $2.15