KRED

Monday, May 15, 2017

Commodities Snapshot (precious & Industrial)

http://ift.tt/eA8V8J

The metal pack is up today. Performance this week at a glance in chart & table –

Gold:

  • Gold is higher today on a weaker dollar. Today’s range $1223-1232
  • We expect the gold price to reach $1390 per troy ounce.
  • Gold is currently trading at $1230/troy ounce. Immediate support lies at $1230, and resistance at $1290 area.

Silver:

  • Silver is the best performer of the day. Today’s range $16.40-16.63
  • Silver is currently trading at $16.63/troy ounce. Support lies at $16 & resistance at $17

Copper:

  • Active call – Copper is likely to rise towards $3.2 per pound. Copper is flat for the day. Today’s range $2.55-2.51
  • Copper is currently trading at $2.55/pound, immediate support lies at, $2.4 & resistance at  $2.7

Gold

 +0.24%

Silver

 +1.16%

Copper

 +0.71%

The material has been provided by InstaForex Company – www.instaforex.com

May 15, 2017 at 05:21PM

http://ift.tt/2rhA9Wg

from

http://ift.tt/2rhA9Wg