Crude and commodities test support

Nymex Light Crude is testing primary support at $92/barrel while 13-week Twiggs Momentum (below zero) warns of a down-trend. Brent Crude is also approaching primary support, at $99/barrel. Breach of support would confirm a down-trend.

Nymex WTI Crude

Commodity prices are falling as the Dollar strengthens. Dow Jones UBS Commodity Index is approaching primary support at 122, while 13-week Twiggs Momentum (below zero) again warns of a down-trend. Breach of primary support would confirm.

Dow Jones UBS Commodity Index

Aluminum alloy, however, continues its primary advance.

Alumina

And nickel is likely to follow, having broken resistance at 18500.

Nickel