Commodities snapshot (precious & industrial)

Metal pack is trading in red this week. Performance this week at a glance in chart & table -

Gold -

• Gold's is continuing its struggle around $1120 area. Today's range - $1109-$1121.
• Gold is likely to reach as high as $1150 area if support around $1080 holds. $1120 area is key resistance.
• Gold is currently trading at $1115/troy ounce. Immediate support lies at $1060 and resistance at $1120 area.

Silver -

• Silver dropped below $15/troy ounce, suggesting possibility of further price rout. Today's range $15.36-14.72
• Silver is currently trading at $15.82/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper is the worst performer this week, as concern over China pushing the price down. Today's range $2.26-2.32.
• Copper is close to its next target around $2.24 area.
• Copper is currently trading at $2.28/pound, immediate support lies at, $2.2 & resistance at $2.45.