Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 07 Dec 2017 07:55:13 Eastern Standard Time
The metal pack is up today. Performance this week at a glance in chart & table -
- Gold is heading lower amid lack of risk aversion. Today’s range $1264-1253
- Gold is currently trading at $1266/troy ounce. Immediate support lies at $1260, and resistance at $1320 area.
- Silver is testing support below $16 area. Today’s range $16.02-15.78
- Silver is currently trading at $15.81/troy ounce. Support lies at $15.8 & resistance at $17.2
- Copper is down this week since Monday after seven days of consecutive rise. Today’s range $2.94-2.99
- Copper is currently trading at $2.97/pound, immediate support lies at, $3.01 & resistance at $3.15
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