Commodities snapshot (precious & industrial)

Metals are mixed today, precious pack is consolidating, while industrial is down. Performance this week at a glance in chart & table -

Gold -

• Gold's were halted around $1120 area, $1100 area providing support. Today's range - $1093-$1120.
• Gold is likely to reach as high as $1150 area if support around $1180 holds.
• Gold is currently trading at $1108/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver has cleared above $15 area and tried to test $15.5 psychological resistance area. Today's range $15.41-15.10
• Silver is currently trading at $15.3/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper faced sharp selloff today over Chinese devaluation of Yuan. Today's range $2.43-2.31.
• Further push down seems very much likely. Next target area is around $2.24
• Copper is currently trading at $2.32/pound, immediate support lies at, $2.2 & resistance at $2.45.