MARKETS NEWS
Technically Speaking Blog
Darin Newsom DTN Senior Analyst
Fri Jul 12, 2013 12:37 PM CDT

Historically, there has been a strong negative correlation between the direction of the US dollar index and commodities in general. As summer reaches its midpoint this week, the US dollar index is at an important crossroads where its close on Friday, July 12 could determine its secondary (intermediate-term) trend, and thus providing support or applying pressure to the commodity sector, including grains.

A look at the weekly chart for the spot US dollar index shows us why. This week has seen the index trade well outside last week's range of 84.530 to 82.967. In fact, this week's activity included the ...

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