CLICK ON CHART TO ENLARGE
The U.S. Dollar continues to battle with a cluster of resistance at (1) in the left chart above. A breakout above these lines could bring in enough buyers to push the Dollar up to the 90 level in quick order.
The CRB index remains inside of its falling channel and looks to have had a counter-trend rally up to its 23% Fib resistance level.
The Power of the Pattern has been calling for Commodity weakness since last November (see post here)
A breakout in the Dollar could really put the hurts to Commodities and many risk assets, especially since Commodities have been weak for a year now!