Commodities and Mining stocks are rallying all over the world.

Rio Tinto and BHP Billiton have gapped upwards and are now trading at 1.5% above the previous close.

These 2 mining giants have broke above their February 2 resistance.

Similarly in the US, United States Steel, FCX, CENX and CLF have broken above their February 2 resistance. The only mining stock that has not risen above its February 2 resistance is Alcoa Inc $AA.

Watch Alcoa Inc February 2 resistance of $13.90 closely. It will pop upwards in no time as seen by the pressure from its friends.