The U.S. Dollar ETF (UUP) could put a big crimp in commodity prices should an upside breakout of resistance take place at (4) in the chart above.  Some commodities find themselves at vulnerable price patterns right now, (head & shoulders potential in the CRB index and the oil complex).  (see oil/gas post(see CRB post) (metals challenges post)

UUP at this time “HAS NOT BROKEN RESISTANCE!”  After the strong rallies in commodities rallies in 2010, should the Dollar breakout, some very quick and sizeable declines in the commodities complex should take place.


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