Commodities snapshot (precious & industrial)

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

Gold –

• Gold is marginally lower heading into NFP report. Today’s range $1239-1249
• Gold is currently trading at $1242/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver –

• Silver is looking to test $16.5 psychological resistance area. Today’s range $16.33 -16.49
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8
• Silver is currently trading at $16.43 /troy ounce. Support lies at $15.6, $16 & resistance at $17.2, $17.8, 18.4

Copper –

• Copper is higher on weaker NFP but likely to head back towards $1.9 support area. Today’s range $2.12-2.14
• 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 $2.13/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21