Commodities snapshot (precious & industrial)

Metals are positive today. Performance this week at a glance in chart & table -

Gold -

• Gold's broke above $1120 area. Today's range - $1001-$1126.
• Gold is likely to reach as high as $1150 area if support around $1180 holds.
• Gold is currently trading at $1123/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver has cleared above $15.5 area and likely to test $16 resistance over coming days. Today's range $15.60-15.16
• Silver is currently trading at $15.54/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper has bounced back from initial sell offs over devaluation of Yuan. Today's range $2.35-2.29.
• Copper is currently trading at $2.35/pound, immediate support lies at, $2.2 & resistance at $2.45.