Commodities snapshot (precious & industrial)

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

Gold:

• Gold has declined below key support around $1150 area. Likely to slide towards $1090 per troy ounce.  Today’s range $1125-1144
• Gold is currently trading at $1128/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver is testing key resistance around $16 area. Today’s range $15.98-16.98
• Silver is currently trading at $16.08/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is heading for a larger correction as it failed to break previous high around $2.7. Today’s range $2.59-2.47           
• Copper is currently trading at $2.58/pound, immediate support lies at, $2.4 & resistance at  $2.86