Gold, Oil, Copper… Commodities Breakdown

I have been commenting on how the CRB commodity index – including oil, gold and copper – have been trading in a sideways pattern for the past three years and that at some point they would break down.
The break down just happened. Oil broke below support at $75 to $80, copper broke below $2.90 to $3, gold broke below $1,180 and the CRB broke below $270.