Nice bull trend though we have a current pull back and i expect this to hit around 18.78 , before recommencing the bull to over 21.00. I am long on all commodities for the foreseeable future. All this QE has to go somewhere, spx500 is flying, Nasdaq is also due to ATH.
Oil needs to show confirmation for the long. Commodities are trending bullish alongside spx500. Nasdaq is also trying for ATH (though i'm expecting a pull back). I don't see the oil drop lasting much longer. A bounce off the MA and a breakout above will confirm the long for the rest of the year.
The us dollar in the cycle is coming down now until 2017.This chart shows the highest entry point to gain the maximum drop. Tight stop loss of 50 pips but the potential is around 1000 pips profit.