The Commodities Index Looks Set to Go Lower

This index is breaking down after showing bearish divergence and having a false bullish breakout on the Daily and Weekly.

Based off this and the weakness we're seeing in the commodities themselves i expect the prices of Precious metals to begin a new downtrend in the coming weeks and for the price of Thongs such as Wheat and Soy to have a major decline.

I would also expect many Mining Companies to go down such as FCX and SA and for the Value of the US Dollar to rise.