Commodities snapshot (precious & industrial)

Metals, especially precious pack heavily down today. Performance this week at a glance in chart & table -

Gold -

• Gold dropped to lowest in 5 years as dollar gained ground. Today's range - $1135-$1085
• Gold target is reached to the downside. Profit booking suggested and wait for further cues.
• Gold is currently trading at $1109/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver dropped but way better performer than gold. Today's range $15.02-14.53
• Silver is likely to drop as low as $14
• Silver is currently trading at $14.93/troy ounce. Support lies at $14 & resistance at $16

Copper -

• Copper isn't much if a mover today. Today's range $2.5-2.46
• Next target is around $2.24.
• Copper is currently trading at $2.49/pound, immediate support lies at, $2.2 & resistance at $2.65.