Commodities snapshot (precious & industrial)

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

Gold:

• Gold rose sharply as the dollar weakened from key support area above $1190 area. Today’s range $1218-1234
• Gold is currently trading at $1231/troy ounce. Immediate support lies at $1190, and resistance at $1230 area.

Silver:

• Silver is up in line with the gold. Today’s range $17.26-17.6
• Silver is currently trading at $17.47/troy ounce. Support lies at $16.6, & resistance at $17.7

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. It has once again bounced back from support above $2.5 area. It is the best performer of tToday’s range $2.66-2.69
• Copper is currently trading at $2.69/pound, immediate support lies at, $2.4 & resistance at  $2.7