Commodities snapshot (precious & industrial)

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

Gold:

• Gold is down today but marching higher over North Korea’s nuclear test. Today’s range $1336-1342
• In the short-term price is likely to move higher towards $1360 area.
• Gold is currently trading at $1339/troy ounce. Immediate support lies at $1289, and resistance at $1365 area.

Silver:

• Silver is up in line with the gold. Today’s range $18.01-17.85
• Silver is currently trading at $17.96/troy ounce. Support lies at $17.1 & resistance at $18.2

Copper:

• Copper remains upbeat as supplies remain tight. Likely to move towards $3.2 per pound. Today’s range $3.12-3.16
• Copper is currently trading at $3.14/pound, immediate support lies at, $2.89 & resistance at  $3.12

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest