Gold:
Gold has bounced off very well off support at 1335. It has gapped up over a percent in early trade. The moving averages are right at the base of the candle. It looks like Gold only wants to go higher. But, I will look for a good spot to enter and will avoid getting in at this time.
Current Call: Avoid
Silver has opened extremely strong in early trade. It is up over 2%. It looks like it may want to go higher. But, it is not wise to get in at any point. I will wait for a good setup to enter this trade. For now, I will watch closely.
Current Call: Avoid
Crude, being one of the best commodities to be long for the past few days has shown some signs of tiredness as suggested yesterday. It has still put in higher highs and higher lows confirming the break of the downtrend. It put in a spinning top doji suggesting some confusion. Stops can be adjusted to the base of the doji for short term trades and below the 41.75 area for longer term trades. With inventory today, it might really go anywhere, but I certainly expect it to move higher.
Current Call: Keep tight stops for longs