The main feature last night was the Aussie. Major stops were elected over 110.20. 110.81 ( 1979 low)-111( opening of trading in the AUD/USD 1971) is the resistance I show. 111 is a huge # for me on a lot of levels. I will write an educational piece later to explain. It now becomes a price action trade based on fear and safety.

Silver stopped at the 1/2 of the entire move coming back from the recent low. All new closing strength over last nights high is needed for more upside.

Trading will remain difficult into Friday ( Month End due to the budget drama here in the U.S.)

Trade what you see and take your money.

Keep your stops in place in BP. The stop in Cat is 103.80 intra day.

Model Trading Portfolio…Current Holdings

Long

FXC… ETF…USD/CAD

CAT

BP