Commodities snapshot (precious & industrial)

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

Gold -

• Gold is facing resistance around $1160 area. Today's range - $1160-$1152
• Sell gold with target around $1100 and stop around $1200.
• Gold is currently trading at $1155/troy ounce. Immediate support lies at $1150 and resistance at $1173, $1190 area.

Silver -

• Silver is facing resistance around $15.7 area. Today's range $15.5-15.2
• Silver is likely to drop as low as $14
• Silver is currently trading at $15.3/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper might give larger upside correction if support around $2.5 holds. Copper is trading in small range today. Today's range $2.55-2.5
• Next target is around $2.24, however bounce back might stretch towards $2.7/mmbtu.
• Copper is currently trading at $2.53/pound, immediate support lies at $2.5, $2.2 & resistance at $2.65.