Gold:
After gapping up yesterday, Gold sold off for the rest of the session indicating lack in direction and choppiness. It may take a few sessions for Gold to figure out which direction it is headed in. We may see a good setup right before Gold decides to move. But, for now, it's best to stay away and get caught in the choppiness.
Current Call: Avoid
Silver is down in early trade. After gapping up yesterday and being strong for the early part of the session, Silver sold off. It may be slightly choppy before it finds direction so I will avoid trading it.
Current Call: Avoid
Inventories were not kind to Crude. Crude was absolutely crushed after the inventories data. It was trading at 43.2 for a bit before crashing about 4% to 41.5. We usually see inventories set the tone for the rest of the week.
After putting in a spinning top doji, Crude moved lower indicating the start of a small term downtrend. It could possibly retest lows at 39 again. But, to get in now looks like more risk than I would like.
Current Call: Avoid