Crude oil could be the next big commodity trade. Oil price reaches the resistance trend line at $59 per barrel. If the price exceeds this level, the rise could reach 50% in the first half of 2026.
Not only is the chart bullish and testing a key level, we are likely to see an influx of money from the metals trade. Almost all other major commodities saw a big rally in 2025: gold, silver, platinum, and palladium rose significantly, and even natural gas rose 100% before pulling back recently. Institutional investors are piling in and are likely to lead into the next round. Once oil prices rise, retail and lower-level institutions will likely rush into trade, pushing them sharply higher.
While the bears tell investors that there is an oversupply of oil, the reality is that the number of drilling rigs is declining almost weekly. This means US producers are turning off the pumps.
Overall, oil is my top buy during the first half of 2026.
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