Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down as risk aversion fading, with rise in equity prices. Today's range $1240-1226 
• Gold is currently trading at $1228/troy ounce. Immediate support lies at $1180 and resistance at $1260 area.
• Active call - Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver -

• Silver is down, in line with gold. Today's range $15-15.25
• Silver is currently trading at $15.1/troy ounce. Support lies at $14.1 & resistance at $16

Copper -

• Copper on the other hand is sharply up benefiting from risk-on environment. Today's range $2.07-2.14
• Longer term Call - Sell Copper targeting $1.85/pound. In the short run Copper might rise to as high as $2.25 area.
• Copper is currently trading at $2.14/pound, immediate support lies at, $1.95 & resistance at $2.15