Dollar Breakout Puts Bulls in Charge

The US dollar has broken out of its consolidation pattern at 101.21, giving bulls an important technical advantage.

This breakout invalidated two bearish engulfing patterns and allows for upside targets to remain in play as long as the dollar continues closing above 101.21.

Palladium, on the other hand, has dropped back below the lower boundary of its green ascending channel, with sellers firmly in control.

Copper is also following yesterday's roadmap, but a daily close below 632 would officially trigger the next bearish leg and reopen the path toward yesterday's downside targets.