COMMODITIES AT GLANCE

Metals are failing to gain amid strong dollar but have so far held the levels steady. Performance this week at a glance in chart & table -

• Gold - Gold sellers have so far failed to break $1150 level. If gold successfully holds the level, next week's FOMC meeting could become a make or break event like this month's NFP. Gold can fall even to $1040/troy ounce if key support gets broken. Immediate support lies at 1144 & resistance at 1166.
  
• Silver - Silver, is trading in tight range of 21 cents today. Mint ratio is at 74.23, up 0.50% today. Prices might reach as low as $14/troy ounce as key level remains broken. Silver is currently trading at $15.5/troy ounce. Support lies at 14 & resistance at 16.6.
  
• Copper - Copper is the best performer so far the week but remain cautious over the developments in China. Price pattern suggests loss towards 2.47 levels should the resistance at $ 2.72 holds. Immediate support lies at 2.59 & resistance at 2.67.

Gold	-1.11%
Silver	-2.14%
Copper	1.96%

Energy as an asset class is the worst performer in today's trading and this week's. Weekly performance at a glance in chart & table -

• Oil (WTI) - WTI selloffs accelerated as expected after key support level got broken. WTI is yet to reach initial target of $42/ barrel. WTI is currently trading at $45.20/ barrel, down nearly 4% today. Immediate support lies at 42 and resistance at 48.3.

• Oil (Brent) - Brent fell in today's trading but gained over the spreads. Brent-WTI spread is trading at $ 10.7, support lies at $8 and resistance at $13. Price pattern suggests a move towards $ 53/barrel is likely as key support at 58 was broken. Brent is trading at $56.09/barrel. Immediate support lies at 53.2 & resistance at 58.4.

• Natural Gas - Natural gas prices fell as inventory shrinkage was lower than previous, however inventory fell below 5 year average. Natural Gas is currently trading at 2.69/mmbtu. Price range is squeezing, there might be breakout ahead. Immediate support lies at 2.65 & resistance at 2.87.

WTI	-8.67%
Brent	-5.95%
Natural Gas	-5.28%