Commodities snapshot (precious & industrial)
Source: FxWire Pro - Commentary / 16 Jul 2018 10:10:09 America/New_York
The metal pack is down today. The performance this week at a glance in chart & table -
- Gold is down amid stronger dollar. Testing a key support line at the moment. Today’s range $1246-1239
- Gold is currently trading at $1240/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.
- Silver is down in line with the gold. Today’s range $15.66 -15.94
- Silver is currently trading at $15.77/troy ounce. Support lies at $15.4 & resistance at $16.8
- Copper selloff continues amid trade war fear. The worst performer of the week so far. Today’s range $2.74-2.80
- Copper is currently trading at $2.76/pound, immediate support lies at, $2.72 & resistance at $2.95
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