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Giving Thanks To a "Feast" of Commodity Opportunities
EWI's Monthly Futures Junctures reveals which commodities will be soaring OR sliding in the weeks to come
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By Nico Isaac
Wed, 23 Nov 2011 15:45:00 ET |
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Here's one more item to add to the list of "things you're grateful for" this Thanksgiving: A brand-new November Monthly Futures Junctures. In this jam-packed publication, Futures Junctures Service editor Jeffrey Kennedy serves up a "feast" of charts and analysis for the long-term trend underway in these and more markets:
First course: "Featured Market" segment. Here, Jeffrey Kennedy reveals why the thermometer of Elliott wave analysis AND technical indicators have both "popped up" to signal a fully-cooked opportunity in two major commodities: cocoa and orange juice. Here's a sneak peek:
- Cocoa: The January 2011 Monthly Futures Junctures outlined this blue print for prices: one more advance beyond the December 2009 peak to complete a four-year long uptrend. The result: Prices advanced to a new, all-time high in May before plunging 30% to the two-year lows we see today.
- Orange Juice: Where a candlestick bar pattern and a compelling Elliott wave structure meet. In the first of 4 charts, Jeffrey studies the advance from February 2009 to July 2011 AND makes this invaluable find: The uptrend "adheres to all the rules pertaining to" one specific Elliott wave pattern. It's now time to look to ONE side of O.J.'s chart.
Next on the table is "Wave Watch": 2 charts of 12 commodities -- 24 charts total -- each with clearly marked trendlines, up/downside price targets, and bold arrows pointing prices in their next likely direction. Off the top are these familiar favorites:
- Coffee: In June 2010, coffee was scraping the bottom near $1.30/pound. AND, according to the mainstream experts, a very bearish supply picture would continue to keep coffee's cards stacked against it. The June 2010 Monthly Futures Junctures told this very different -- bullish -- story: "... coffee's price could easily double from current levels."
Result: From its June 2010 low, coffee indeed more than doubled in a 78% surge to 30-year highs before turning down early this May.
Now what? The November
Monthly Futures Junctures explains.
- Continuous Commodity Index (CCI): Two months ago, mainstream experts were blindsided when the supposed "safe-haven" CCI declined 13%, along with falling equities. The September 2011 Monthly Futures Junctures forewarned of the move with this alert: "The CCI tells a bearish story when we apply the most basic Elliott wave analysis."
Believe it or not, that's just the top of the
opportuni-treats found in the brand-new
Monthly Futures Junctures. Get in front of the biggest turns today, via a risk-free
Futures Junctures Service subscription.
Tags: cocoa futures, cocoa futures, coffee futures, Elliott wave, Elliott Wave trading, Jeffrey Kennedy, Orange Juice