Commodities snapshot (precious & industrial)

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

Gold:

• Gold is pushing lower as the rate increase expectations keep the dollar elevated and equities rise. Today’s range $1221-1227
• Gold is currently trading at $1222/troy ounce. Immediate support lies at $1220, and resistance at $1280, $1300 area.

Silver:

• Silver is worse performer than gold this week. Today’s range $17.6-17.84
• Silver is currently trading at $17.65/troy ounce. Support lies at $18, & resistance at $18.7

Copper:

• Copper is likely to rise towards $3.2 per pound. Copper is heading lower as it suffered a blow after another failed attempt to clear resistance above $2.7 area. It is the worst performer of the week. Today’s range $2.65-2.71
• Copper is currently trading at $2.66/pound, immediate support lies at, $2.6 & resistance at  $2.86