I don't particularly enjoy giving trade ideas that are too long-term but then I believe it is necessary given that I cannot be updating this as frequently as I would like. Anyway, my thesis is that equity markets will go up, precious metals will go down, base metal will go up and thus oil will go up (as consumption rises). I have changed my wave counts to reflect my change in view for Oil. I have placed the link to my old idea (which is short CL) in case you may want to refer to what has changed.
