2017.05.1008:38:00UTC+000commodities Snapshot (precious & Industrial)

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

Gold:

• Gold is grinding lower below the key support around $1230 area. Today’s range $1225-1219
• We expect the gold price to reach $1390 per troy ounce.
• Gold is currently trading at $1222/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

• Silver is down in line with the gold. Today’s range $16.12-16.37
• Silver is currently trading at $16.2/troy ounce. Support lies at $16 & resistance at $17

Copper:

• Active call - Copper is likely to rise towards $3.2 per pound. Copper is testing waters around $2.5 psychological area. Today’s range $2.51-2.48
• Copper is currently trading at $2.50/pound, immediate support lies at, $2.4 & resistance at  $2.7