Short term, see drop in oil to test support at 82-83.50 range. If that holds, could expect oil to reach 90.00 to test that level by end of this month. High Volatility over next few days!!
Expect oil to see a test of 95-100 this year. Expect global expansion of base metal prices lead by Asia demand. Inflation in US obliviously tame, but will not be so in the fall.
I would play base metals with Gold and Copper mining stocks at the top of the list.
CDE is over sold so that may be a stock of interest,see potential price from 15.75 now to 25 over next 12 months, with expansion of profits and Cooper prices. May be a good stock play on Copper.