Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 20 Mar 2018 11:25:25 Eastern Standard Time
The metal pack is down today. The performance this week at a glance in chart & table -
- Gold is struggling to gain as it failed to break key resistance around $1350 area and as lack of risk aversion weighs. Today’s range $1318-1307
- Gold is currently trading at $1311/troy ounce. Immediate support lies at $1290, and resistance at $1355 area.
- Silver is down in line with the gold. Today’s range $16.1-16.4
- Silver is currently trading at $16.16/troy ounce. Support lies at $16 & resistance at $17.5
- Copper is the worst performer this week. Today’s range $3.10-3.03
- Copper is currently trading at $3.05/pound, immediate support lies at, $2.91 & resistance at $3.21
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