Commodities snapshot (precious & industrial)

Metals pack slipped further down today. Performance this week at a glance in chart & table -

Gold -

• Gold is fallen below $1100 as sellers remain at large. Today's range - $1104-$1086.
• Gold is likely to trade with downside bias, however a sustained push below $1050 is unlikely
• Gold is currently trading at $1089/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver is getting resistance around $15. Today's range $14.9 -14.65
• Silver is likely to drop close to $14
• Silver is currently trading at $14.77/troy ounce. Support lies at $14 & resistance at $16. $15 is likely to pose interim resistance.

Copper -

• Copper dropped sharply as expected since interim support at $2.5 got cleared . Today's range $2.48-2.43
• Next target is around $2.24.
• Copper is currently trading at $2.43/pound, immediate support lies at, $2.2 & resistance at $2.65.