The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart that the USDX has backed down recently, and the price uptrend is now in jeopardy. More losses in the USDX this week would negate the price uptrend and suggest a market top is in place. A top in the USDX would be a bullish element for the raw commodity sector, as many major commodities are priced in U.S. dollars on the world markets. Stay tuned!