May's financial "flowers" of opportunity are in bloom. And, in the brand-new April 30 Daily Futures Junctures (DFJ) "Weekly Wrap-up," long-time editor and Elliott Wave International's chief commodity expert Jeffrey Kennedy picks the freshest buds right off their stems.
The finished bouquet includes all of the following: Original price charts for 19 major markets. Each snapshot contains Fibonacci calculated resistance levels, critical trend lines, potential up and downside targets, and bold arrows pointing prices in their next probable direction.
Stop and smell these familiar favorites:
Coffee Talk: The April 22 DFJ wrote: "The last leg of the pattern probably needs a bit more to go on the upside... [And] will then yield a thrust down." And that's exactly the course prices took. Now, the new "Wrap-up" reveals whether java is set to perk up in the coming days.
Cocoa Sours: The April 3 DFJ' "Weekly Wrap-up" chart showed prices set for a strong turn down. Now that the market stands at a six-week low, the usual experts blame "a strong dollar" for "reducing cocoa demand." Try again: From December to February, a sustained rise in the dollar did nothing to buck the uptrend in cocoa. Find out how low cocoa prices are set to go...
(Commodity Opportunities Have Blossomed. The April 30
Daily Futures Junctures "Weekly Wrap-up" reveals where the leading markets could be in the days, weeks, and months to come.
Click HERE for the complete story.)
Sugar Sweetens: The April 6 DFJ revealed a "critical level" for which to keep its "bearish stance intact." Three days later, prices breached this very area to confirm that the recent uptrend was set to continue. Now, with sugar soaring to seven-month highs, "Wrap-up" stays on its Fibonacci toes.
Lean Hogs: Before the words "swine flu" flooded across the net,the April 7 DFJ wrote: "One more modest push beyond 73.900 is all that is needed to finalize this wave [and signal] the decline from the March high is continuing." Hogs followed their Elliott wave script and promptly plunged to a new contract low.
Crude Oil Connection: When oil prices rocketed higher on April 29, the mainstream cited one main reason: "Oil Rises As Stocks Surge." It's a familiar claim, except that it doesn't hold water. Check It: The DJIA peaked in October 2007 -- nearly one entire year BEFORE oil prices hit their own July 2008 high. Get the objective details today.
Copper, Red Hot: In late 2008, copper prices had plummeted more than 70% in five months. And, as far as the mainstream was concerned, "copper's slump was here to stay" as the economic crisis took the wind out of the industrial metal's sails.
YET -- in mid-December 2008, copper prices began to RALLY, even as the U.S. stock market closed its worst year since the Great Depression. Will the 48% rise since then last? The new "Wrap-up" settles the score.
Believe it or not, that's just the beginning. The latest
Daily Futures Junctures "Wrap-up" is the one-stop service for in-depth analysis on the world's leading commodity markets. Get the full story today, absolutely risk-free.
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