Commodities snapshot (precious & industrial)

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

Gold –

• Gold is down on stronger Dollar today. Today’s range $1262-1245
• Gold is currently trading at $1245/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.
• Active call – Buy gold @1200 area with stop around $1180 area and target around $1350 area.

Silver –

• Silver is best performer today. Today’s range $15.45-15.84
• Silver is currently trading at $15.53/troy ounce. Support lies at $14.1 & resistance at $16

Copper –

• Copper is trading flat today. Today’s range $2.23-2.28
• Longer term Call – Sell Copper targeting $1.75/pound. Copper target reached at $2.25, buy at correction below $2.2 targeting $2.45 area.
• Copper is currently trading at $2.23/pound, immediate support lies at, $2.12 & resistance at $2.26