Commodities snapshot (precious & industrial)

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

Gold –

• Gold is down over stronger Dollar, on hawkish FED members and Minutes. Today’s range $1248-1260
• Gold is currently trading at $1250/troy ounce. Immediate support lies at $1240 and resistance at $1350 area.

Silver –

• Silver is far worse performer than gold this week. Today’s range $16.4 -16.67
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $16.45 /troy ounce. Support lies at $16.5 & resistance at $17.8, 18.4

Copper –

• Copper is flat for the day. Today’s range $2.05-2.09
• Active call – Sell copper @2.06 and at rallies with targets around $1.75, $1.6/pound with stop loss around $2.3/pound
• Copper is currently trading at $2.06/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21