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Commodities snapshot (precious & industrial)

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

Gold -

  • Gold is sharply up from support around $1100 area, focus on FOMC. Today's range - $1103-$1124
  • Sell gold with target around $1070 area and stop around $1125 area.
  • Gold is currently trading at $1123/troy ounce. Immediate support lies at $1090 and resistance at $1125 area.

Silver -

  • Silver sharply jumped back along with gold. Today's range $14.34-14.93
  • Silver is currently trading at $14.92/troy ounce. Support lies at $14 & resistance at $16.

Copper -

  • Copper is trading in green but yet to break above key resistance around $2.5. Today's range $2.46-2.41.
  • Active call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
  • Copper is currently trading at $2.45/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.5.

Gold

+1.45%

Silver

+2.26%

Copper

 -0.24%

  • Market Data
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