Select Commodities

I'm watching for a few plays in commodities that aren't overextended.

DXO the 2x oil etf looks like a pretty good bottom fish. I wouldn't chase here though and would be cautious about taking too much size overnight.



Steels have been very hot recently but most are overextended. One that looks good should it get through $6.00 is MTL. It has a big seller there but should we get an uptick in volume it could run.



Some others I am watching:

Coal
PCX

Gold
AUY