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Najarian questioned Armstrong about the strength on natural gas. He responded that natural gas looks incredibly strong, and he said the futures contracts will trade up to $11.70. He added that large speculators are net short by the highest amount in history.

Najarian recommended that investors look at the oil service sector. He added that there is market speculation of a deepwater discovery near Brazil, and this could be bullish for names like Pride(PDE Quote), Transocean(RIG Quote) and Noble(NE Quote). He also likes the Oil Service ETF(OIH Quote) which broke out this week and trades at 11 times forward earnings.

Gold and Dollar Talk

Gold prices broke a two-day losing streak, and the dollar rose sharply. Adami said he doesn't like the price action in gold, especially after Dennis Gartman recently went bearish on the yellow metal. He predicted the dollar will reverse big time in the second half of this year. If that happens, he said, the entire commodities complex will get crushed. Macke said the dollar is done going down, and nothing was more evident of that than oil and the dollar both trading in tandem to the upside.

Chart of the Day

The traders took a look at the chart of hot agriculture name Potash(POT Quote). Najarian explained that charts don't go straight up forever. He said he doesn't think the ag names are done going up and said almost all of them have reasonable valuations. Adami recommended that investors pick up this week's issue of Vanity Fair for a great piece on Monsanto (MON Quote).

All Hail the Rail

Adami said to watch Burlington Northern(BNI Quote), which reports earnings before the bell on Tuesday. He advised investors to take some off the table around these levels. He mentioned that rail plays Wabtech(WAB Quote) and Trinity(TRN Quote) continue to rip higher. Najarian said the rails are doing well because of the ag and coal play.