Football Season is here. But, the most exciting passes in years are set to take place OFF the sports field, and on the turf of the world's leading commodity markets. In the brand-new September 2009 Monthly Futures Junctures, Elliott Wave International's chief commodity analyst Jeffrey Kennedy reveals which markets will see prices fumble and foul...
... And which ones will tackle the bear to the ground and score a touchdown.
In the MFJ opener, Jeffrey Kennedy "kicks off" with a special, double-sized "Featured" market segment on Grains. Part one reveals how the bearish, pre-season performance of grains over the past few months has fit the Elliott wave script to a T. Check it:
The June 2009 MFJ presented detailed analysis on the top three VIP grain markets and wrote:
- Soybeans: "Odds are that the high of the year is in place and should introduce a sell off."
- Corn: "The advance is complete. The stage is set for renewed selling that should push prices to below the 2008 low."
- Wheat: "We can look for wheat to more than fully retrace the 2008 advance."
The coordinated sell-off in all three markets since then speaks for itself.
In Part Two, Jeffrey then raises the question, "What's next?" And with several mind-blowing price charts -- including a century-long close-up of the Continuous Commodity Index -- Jeffrey reveals whether the "overall tide for commodities" will return grains to their "Gridiron Glory."
Next up is MFJ's "Wave Watch." Here, Jeffrey provides two labeled snapshots per 11 markets -- each of which include clearly marked trendlines, up/downside objectives, support/resistance levels, and bold arrows pointing prices in their next likely direction. Off the top are these familiar favorites:
Cocoa: In the August MFJ "Feature," Jeffrey saw a major "problem" with the bearish wave count and wrote: "Confirming price action is absent. Until wee see this, we can't rule out further rally." Now that prices stand at their highest level in over a year, the September MFJ reveals whether it's now time to turn down.
Sugar: Last month, as prices skyrocketed to a near 30-year peak, the mainstream experts exclaimed: "Bulls In Charge." The August MFJ "Wave Watch," however, presented a bold arrow pointing down into the "19.59-21.76" range. Now, MFJ shows whether the next stage of the story will be sour or sweet.
Orange Juice: The June MFJ saw OJ's losing streak set to end and drew a bold UP arrow toward the 100 level. Then, the July MFJ foresaw the rally continuing even higher to above 110 before turning down. And -- that's exactly what happened. Now, MFJ sets the stage for a dramatic move.
Lean Hogs: The May MFJ "Feature" on hogs wrote: "A highly reliable traditional technical chart pattern [the head-and-shoulders] calls for continuing decline... into the 47.00 area." Price fulfilled this call, and then some. The September MFJ cracks the case.
Believe it or not, we're only at half-time. So, what are you waiting for? See the play-by-play in its entirely today, absolutely risk-free. Click here to begin.