XAG/USD bears looking for a correction to the W-formation's neckline. Bears can presume a weaker dollar, but the W-formation is a high probability chart pattern. The moves today in the commodity space have been over-exaggerated, at least according to ATRs. The CRB index is up just 0.55% which represents a fairly lacklustre environment, but the metals are nevertheless bid, proximately owed to the US dollar. DXY has dropped by some 0.36% at the time of writing as markets get set for more US data this week, reversing some of what was looking to be the start of an unwind of an overly-subscribed short futures position. ... (full story)