Commodities

Well my commodity rollover theory lasted for about a week and things are ramping up again big time. I was lucky enough to make money in that window while it was open on the short side, but it now looks higher, at least for now. I now think oil could run to $120, not right away,but the range I had predicted for oil at $100-110 could easily be $110-120 now. I am also thinking of getting long PCU, even though I loved it as a short a couple of weeks ago. I like it as a long if it can break out over $120. It could measure to $132-135. Keep in mind it is very volatile, but that is the level I will be watching with great interest. I am also looking at gold again as a long but this time I would play it via DGP which is ultra long(2x the move) etf

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