We got a nice consolidated ascending triangle forming, that when it break it should go upward. probably if i had to guess the next eai report wll be the break out of the triangle.
It looks like there is a falling wedge on the euro. If around the end of august we break from the wedge, expect the dollar to finally fall and euro to rally. Bullish for commodities.
Going back to 1999, there is one last great support around 46.75, if it can bounce off that I believe we will be bullish again.