Since the approach I have is to reduce risk at entry, I have placed all my focus on potential. Comparing the weekly and monthly charts of various commodities including oil and cotton, we see that oil has been running for quite some time. BTW, I finally realized what Jim Rogers meant when he said lesser known commodities have a greater potential whenever he has been asked about oil and gold. I really do get that statement.
So, since oil is popular, expensive and subject to loads of manipulation and, by extension, a ton of whipsaw market action, I have chosen to stand aside completely in the area of oil, gasoline and heating oil (all of these are tradable futures contracts).
Natgas was acting like it was a completely different product. After observing the chart action over the years in palladium, I saw the same chart developing in Natgas. Making the call was easy for me - fundamentally (inflation/helicopter money) and technically (sub $2 had the bears out in force and flapping their gums about sub $1.50... we know the rest of the story, right?). So I just waited for the true reversal and jumped into one (1) contract and subsequently added 2 more.
At roughly the same time, coffee and sugar had the same types of formations - badly beaten after some great upward action. Since grains had topping action, I bailed and stepped into both along with my first 2 cotton. Now, cotton is reviving after awakening and stirring and giving me a stroke on several occasions for fear that it was going down again... and I am ready... maybe more confident and ready than ever. And I have laid out my case w/charts and so on. This post in combination with my last post about cotton should serve as an eye-opener.
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