Commodities snapshot (precious & industrial)

 

Metals failed to gain amid weaker dollar, fell today. Focus is on this tomorrow's NFP report. Performance this week at a glance in chart & table -

Gold -

• Gold fell sharply towards $1195 area after it struggled to gain grounds above $1207 today.
  
• Gold is currently trading at $1199, down -0.40% today. Immediate support lies at 1178, 1160 and resistance at 1224.

Silver -

• Silver worst performer today. Silver price kept creeping downwards steadily throughout the day after it failed to break above $17.
  
  
• Mint ratio jumped to 72, up 1.45% today.
  
  
• Silver is currently trading at $16.66/troy ounce, down -1.70% today. Price still might weaken further. Support lies at 15.42,14 & resistance at 17.5-17.7.

Copper -

• Copper broke key support at $2.74/pound yesterday, now struggling to gain grounds above the level.
  
  
• Current move suggest bulls and bears remain at balance. Downside target is coming around $2.52, with a stop of $2.86, upside target is around $3.1 with stop of $ 2.46.
  
  
• Copper is currently trading at $2.72/pound. Immediate support lies at 2.59 & resistance at 2.87, 2.93, and 3.07.

Gold	-0.04%
Silver	-1.42%
Copper	-1.56%