Commodities snapshot (precious & industrial)

Metals are trading in green today. Performance this week at a glance in chart & table -

Gold -

• Gold is up today, getting some bids of risk aversion and bouncing from support area. Chinese stocks bounce back improved the mood somewhat. Today's range - $1168-$1155
• Sell gold with target around $1100 and stop around $1200.
• Gold is currently trading at $1162/troy ounce. Immediate support lies at $1150 and resistance at $1224, $1236-1240 area.

Silver -

• Silver is likely to trade as high as $16. Today's range $15.6-15
• Silver is likely to drop as low as $14
• Silver is currently trading at $15.4/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper bounced back sharply as expected after reaching target area. Today's range $2.59-2.48
• Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
• Copper is currently trading at $2.55/pound, immediate support lies at $2.2 & resistance at $2.65.