Commodities snapshot (precious & industrial)

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

Gold:

• Gold gave up gains as North Korea tension fades. Likely to move higher. Today’s range $1306-1314
• In the short-term price is likely to move higher towards $1360 area.
• Gold is currently trading at $1309/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 $17.31-17.51
• Silver is currently trading at $17.40/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 $3.10-3.06
• Copper is currently trading at $3.08/pound, immediate support lies at, $2.89 & resistance at  $3.12

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