DXY (Dollar Index) is comfortably sitting on support. Risk Ahead

DXY is trading within a long term support range and unless it breaks below and closes under 100 on a closing basis, equities and commodities would be at risk.

Looking at the structure, the fall from top in DXY looks corrective in nature hence chances are it would rise from this support rather than falling below support. If DXY keeps moving up from here then markets would have topped out in near term at least a correction is likely to ensue.

Keep an eye on this!