Commodities snapshot (precious & industrial)

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

Gold -

• Gold is down today, as falling stocks failed to ignite safe haven buying into yellow metal. Today's range - $1121-$1136
• Gold is currently trading at $1123/troy ounce. Immediate support lies at $1090 and resistance at $1150 area.  

Silver -

• Silver has broken below support of $15 area, as Chinese concern reduced bid. Today's range $15.24-14.71
• Silver is currently trading at $14.77/troy ounce. Support lies at $14 & resistance at $16.

Copper -

• Copper sharply down today after yesterday's profit booking. Today's range $2.39-2.28.
• Active short term call -Buy Copper @ $2.44 with targets at $2.55, $2.65, $2.75 and stop loss around $2.24/pound.
• Longer term Call - Sell Copper targeting $1.75/pound
• Copper is currently trading at $2.3/pound, immediate support lies at, $2.24, 2.29 & resistance at $2.5.

Gold	-1.40%
Silver	-2.51%
Copper	-3.28%