• Commodities snapshot (precious & industrial)

    Source: FxWire Pro - Commentary / 23 Jul 2018 06:51:03   America/New_York

    The metal pack is down today. The performance this week at a glance in chart & table -

    Gold:

    • Gold has is recovering grounds as the dollar weakens on Trump’s verbal attack on the dollar. But down today. Today’s range $1235-1227
    • Gold is currently trading at $1230/troy ounce. Immediate support lies at $1190, and resistance at $1245 area.

    Silver:

    • Silver is a much worse performer than the gold. Today’s range $15.3 -15.7
    • Silver is currently trading at $15.48/troy ounce. Support lies at $14.8 & resistance at $16

    Copper:

    • Copper selloff continues amid trade war fear. However, recovered some grounds on a weaker dollar. Today’s range $2.73-2.77
    • Copper is currently trading at $2.76/pound, immediate support lies at, $2.72 & resistance at  $2.95

     

    Gold

     -0.89%

    Silver

     -1.84%

    Copper

      -0.86%

     

     

     

     

     

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