Presenting King Dollar Like Royalty

George Washington is said to have been a man of great humility, opting to be referred to simply as "Mr. President" instead of some royal name. 

Still, the performance of "King Dollar" of late renders the greenback worthy of high praise, indeed.

On the updated UUP ETF weekly chart, below, that textbook "bull flag" consolidation I discussed last Saturday in a video played out quite impressively. 

With this in mind, commodities are getting pummeled for the most part, given the typical (and perceived) inverse relationship between the Dollar and commodities. 

Two commodities which are bucking the trend today are: Coffee (JO) and natural gas (UNG), the latter to an extent in that it is not getting smashed, per se. 

JO is an interesting play down here, as it could be hammering out a weekly bottom. More on this later. And UNG over $14.40 is still a contender as a long play.