Rising commodities prices have been all over the news for several months. The rally has been broad-based and persistent.
So what could possibly derail the commodities rally? U.S. dollar strength.
The dollar has not been so king-like over the past several months, but it is starting to show strength after double-bottoming at (1).
And it is now attempting to breakout at(2).
Lumber, precious metals, grains, energy – all types of commodity bulls are watching the U.S. dollar here.
White-hot commodities could really cool off it the U.S. dollar succeeds in breaking out at (2).