Commodities snapshot (precious & industrial)

The metal pack is mixed today. Performance this week at a glance in chart & table -

Gold:

• Gold has broken a key resistance line. Likely to move higher. Today’s range $1326-1309
• In the short-term price is likely to move higher towards $1360 area.
• Gold is currently trading at $1321/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

• Silver is likely to accelerate its current bull trend. Broken key resistance. Today’s range $17.39-17.67
• Silver is currently trading at $17.60/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

• Copper heading higher as supplies remain tight. Likely to move towards $3.2 per pound. Today’s range $3.09-3.05
• Copper is currently trading at $3.08/pound, immediate support lies at, $2.89 & resistance at  $3.12

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