“Orica (ORI) is an $8 billion manufacturer and distributor of explosives and chemicals for the mining and infrastructure markets.

“As commodities markets grow from here, so will the demand for Orica’s products,” Michael said.

“Investing in Orica (ORI) is one way to gain exposure to a booming commodities market without buying a mining company.

“Despite the great run that it has had this year, there is still more upside instore.

“Several weeks ago, Orica (ORI) finally broke above a major resistance level near $17.

“Because this resistance level had been in place for so long, we are likely to get a multi-month move here that could see the stock push into the low $20’s.

“In the short term, it is finding some light resistance near $18.

“This short-term dip is therefore a buying opportunity,” Michael said.

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