Flash Alert: commodities due for a risk-on bid. Take these actions now ...

Let's add two new positions AND adjust stops on current positions.

Commodities have mostly been under-performing other risk assets. It's allowed you to see some nice open gains on a short position in silver and corn. I think you should adjust those stops today (details below). 

I am also seeing some respectable set-ups on charts of crude oil and copper. 

To be sure, I am not long-term bullish on crude oil -- but I see a technical opportunity to grab a decent gain on an extension higher here. 

As for copper, supplies remain relatively tight and sentiment regarding China has stabilized. And based on the intent of China's leaders, I expect commentators, those predicting a stabilization of China's economy, will be validated in the near-term. That should support the price of copper.

Let's use the ProShares Ultra DJ-UBS Crude Oil ETN (UCO) and the iPath DJ-UBS Copper ETN (JJC).

Trade Essentials.

Here is what I suggest you consider doing now ...

First, add two new positions:

 

UCO (Last price: $30.88)

Buy shares of ProShares Ultra DJ-UBS Crude Oil ETN, symbol UCO, at the market. Then place an order to SELL ALL shares of ProShares Ultra DJ-UBS Crude Oil ETN, symbol UCO, at $28.79, STOP; this order is good till cancelled.

 

JJC (Last price: $46.66)

Buy shares of iPath DJ-UBS Copper ETN, symbol JJC, at the market. Then place an order to SELL ALL shares of iPath DJ-UBS Copper ETN, symbol JJC, at $44.97, STOP; this order is good till cancelled.

 

Then adjust stop-loss levels on your current positions:

 

CORN (Last price: $43.52)

CANCEL AND REPLACE your order to BUY-TO-COVER all shares of Teucrium Corn Fund, symbol CORN, at $48.57, STOP. New Price: $44.57, STOP; this order is good till cancelled.

 

ZSL (Last price: $48.06)

CANCEL AND REPLACE your order to SELL ALL shares of ProShares UltraShort Silver, symbol ZSL, at $41.47, STOP. New Price: $47.87, STOP; this order is good till cancelled.