Commodities snapshot (precious & industrial)

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

Gold -

• Gold has broken above $1100 area. Today's range - $1089-$1105.
• Gold is likely to reach as high as $1150 area if support around $1180 holds.
• Gold is currently trading at $1104/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver has cleared above $15 area. Today's range $15.15-14.75
• Silver is currently trading at $15.10/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper finally showing some signs of comeback from $2.3 area. Today's range $2.39-2.31.
• Larger trend remains bearish but correction might push it even higher.
• Copper is currently trading at $2.39/pound, immediate support lies at, $2.2 & resistance at $2.45.