Violent shakeout continues

What a volatile day! Crude traded a couple cents from $140 before plunging $7, but still closed in the green...wow. Gold tested the upper boundary of the falling wedge, but failed to break out. Gold fell more than $10 from the day's high, but still closed in the green. Silver took a peak above the water, and remained quite stable throughout the volatile action in crude and gold. With contract expirations around the corner, there's a violent battle going on between commodities bulls and bears right now. We will see who emerges from the dust very soon.

Crude: 1-month


Gold: 1-month


Silver: 2-week