CRB Index set to go North

CRB Index CMP 294

This is a basket of commodities. Very imp Index as its movement is related to the Dollar. If we look at the charts this Index is showing tremendous strength. Now what strength here means is weakness for the dollar in the near future. And weakness for the dollar is good for the emerging mkt equity market.
One more very imp point is inflation. Commodity prices rising is also an indication that inflation will go North in the near future. In that scenario reducing interest rates by Fed will further fuel inflation. Hence to me the Fed may not reduce the Interest rates in Sep as is being expected. And this will be positive for the mkt.