Commodities didn’t have a great day with silver and natural gas down over 2%.

Commodities are mostly in the red across the board as we head into the Asia-Pacific session.

The easy blame on this day was the strength of the dollar, but to be fair, the inverse correlation between commodities and the US dollar has been hit and miss over the past few months with a positive correlation emerging on some occasions.

We also can’t blame the poor risk tone as stocks tried to rebound after the sell-off in the previous session.