Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down today over stronger dollar. Today’s range $1337-1352
• Gold is currently trading at $1348/troy ounce. Immediate support lies at $1180 and resistance at $1350 area.

Silver:

• Silver sharply dropped as sharply as it rose. Today’s range $19.45 -20.6
• Active call – Buy Silver @ $16.7 with target around $19 and stop loss at $14.8. Target extended to $26
• Silver is currently trading at $19.47 /troy ounce. Support lies at $15.6, $16 & resistance at 18.4

Copper:

• Copper is marginally higher for the day on global cue. Today’s range $2.18-2.22
• 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 $2.2/pound, immediate support lies at, $2.03 & resistance at  $2.3, $2.21