Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 26 Feb 2018 09:03:32 Eastern Standard Time
The metal pack is mixed today. Performance this week at a glance in chart & table -
- Gold is up today on a weaker dollar. So far, failed to break key resistance around $1350 area. Today’s range $1326-1341
- Gold is currently trading at $1337/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.
- Silver is the best performer this week. Today’s range $16.37-16.79
- Silver is currently trading at $16.67/troy ounce. Support lies at $16 & resistance at $17.5
- Copper is flat for the week so far. Decline likely Today’s range $3.24-3.19
- Copper is currently trading at $3.21/pound, immediate support lies at, $2.91 & resistance at $3.21
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