22.12.201609:18:00UTC+00Commodities Snapshot (precious & Industrial)

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

Gold:

• Gold is struggling to cope with a stronger dollar. Likely to slide towards $1090 per troy ounce.  Today’s range $1127-1132
• Gold is currently trading at $1130/troy ounce. Immediate support lies at $1150, and resistance at $1225, $1285 area.

Silver:

• Silver decisively broken below $16 area. Further selloffs likely. Today’s range $15.76-16.05
• Silver is currently trading at $16.04/troy ounce. Support lies at $16, & resistance at $17.8

Copper:

• Copper is the worst performer of the week. Today’s range $2.45-2.5
• Active call – Sell copper targeting $2.15 per pound   
• Copper is currently trading at $2.49/pound, immediate support lies at, $2.4 & resistance at  $2.86