Commodities snapshot (precious & industrial)

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

Gold -

• Gold is treading water around $1160 area. Today's range - $1164-$1157
• Sell gold with target around $1100 and stop around $1200.
• Gold is currently trading at $1160/troy ounce. Immediate support lies at $1150 and resistance at $1173, $1190 area.

Silver -

• Silver is facing resistance around $15.5 area. Today's range $15.5-15.4
• Silver is likely to drop as low as $14
• Silver is currently trading at $15.5/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper's bounce back from key support area is losing strength Today's range $2.57-2.52
• 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.