I've mentioned DYY before, but I've got to point it out again as one of my favorite commodity longs. It's one of the nicest breakouts I've seen, and the notion of commodities pushing higher in price is a "theme" that works very nicely with my general view as to how things are unfolding.
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Judging from this continuous contract of crude oil (weekly basis, three weekly moving averages), I'd say crude has a good probability of a downturn. Notice how, after cracking the 200-week moving average last summer and falling very hard, it has clawed its way back up to just underneath the same moving average.