Crude and Gold Update

Crude finally made its way back to 46.80 and is now around 47. If it gets back to 47.25 I would place a stop at break even (including costs). I think crude can continue to grind higher but these are not entry levels for long term holds which I don't think I made clear.

Gold broke down to 892.5 and looks like it can continue to build a somewhat lower range but it is too late to trade it, in my view, today. I will most likely want to sell strength early again tomorrow.

There is a substantial risk of loss in trading commodity futures, options and foreign exchange products. Past performance is not indicative of future results