Oil is putting the old range top at $75 in its rearview mirror and legging it above $77 in early afternoon trade. Gold is lagging today but the broad CRB is at its highest levels since November of last year. That index is at 272.45 and targets key resistance at 278.22 ahead.

Gains like this will be hard for the market to ignore, keeping the dollar very much on the defenses.

10-15-CRB