The $USD

While the $USD is down today, which is good for commodities generally speaking as well as equities, it's not down so much that I believe it's the catalyst behind the price moves we are seeing, especially in commodities. However there are a few signs we should be aware of.

 The UUP is down less then a 3rd of a percent.

 The 60 min chart though has a decently large negative divergence, which leads me to believe we will see the upside shakeout in the market, whether it comes before OP-EX or not, I can't say, but ultimately it's what I've been looking for and will work to our advantage. This is also why I feel it's prudent to widen the stops on silver and USO to allow for consolidations t take advantage of what looks to be a bigger uptrend in the two.

The 10 min chart has a positive divergence, once again, this is another reason I believe we'll see a consolidation in silver and USO shortly and we don't want to get stopped out of those longs on a simple consolidation. We entered the trade at an excellent price point, with low risk and now have two trades that even if they are stopped out, will show a profit. In addition, we have the probability of a larger move in the two. It's all about managing the trade at this point.