Commodities snapshot (precious & industrial)

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

Gold –

• Gold is continuing its consolidation between $1230-70 areas. It is down today over fading risk-aversion. Today’s range $1231-1241
• Gold is currently trading at $1232/troy ounce. Immediate support lies at $1180 and resistance at $1280 area.

Silver –

• Silver is down in line with gold. Today’s range $16.8 -17.1
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $16.9 /troy ounce. Support lies at $15 & resistance at $17.3, $17.8

Copper –

• Copper is down as Chinese exchanges increase their fees. Today’s range $2.22-2.26
• Copper is currently trading at $2.22/pound, immediate support lies at, $2.14 & resistance at  $2.3