Gold, Silver, Oil and Gas: Chart View

By Chris Vermeulen of TheGoldAndOilGuy.com

NEW YORK (TheStreet) -- This week so far has been slow with regards to commodity exchange-traded funds. Gold continues to shine while silver refuses to make a move higher. Crude oil has a nice bull flag and we are waiting for a breakout and setup while natural gas continues to see selling pressure.

ETF Trading Tip

Waiting for these ETFs to generate low-risk setups and watching our current positions mature is the boring part of trading. It's these slow times when traders get bored and start taking more risk by entering positions that don't have clear entry and exit points.

Not having clear entry and exit points will lead to traders holding on to losing trades and not taking profits on winning trades. Be sure you enter positions which you know when you should get out if the trade goes against you and when to take some money off the table if it rallies higher.

The gold ETF fund, SPDR Gold Shares (GLD Quote) looks to be in rally mode which means when traders start to take profits we should see a sharp reversal down.