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Hot Commodity & A CHART- Stopping Opportunity
In the "train station" to opportunity in the world's leading commodity markets, two main platforms exist:
- The "F" Line: Uses F-undamentals to navigate through trend changes in the financial markets.
- The "E" Line: Uses Elliott Wave analysis to achieve the same end.
Overall, passengers riding the "F" track experience more technical difficulties and schedule delays than not. Most of time, these holdups occur when one fundamental piece of data crosses signals with another, completely shorting out the entire system.
Case in point: These recent news items regarding a major Soft market:
- "Prices rise to a six-week high. The move looks to be technically based."-- VS --
- "A delayed reaction to recent gains equities spurred speculative buying."
- "Prices go cold. Turns out [this commodity] isn't recession proof."-- VS --
- "[This commodity is a product that doesn't get knocked off the shelf in bad times.
- "Prices tumble on bearish demand outlook."-- VS --
- "Prices advance on signs of strengthening demand."
Now, let's jump tracks and hop aboard the "E" line to see where this Soft market is really headed. Here, the main "conductor" is Elliott Wave International's chief commodity expert and Futures Junctures Service editor Jeffrey Kennedy. And, in the May 27 Daily Futures Junctures, Jeffrey presents the following close-up of the Soft market. (Some Elliott Wave labels have been removed for this publication)
As you can see, Intermediate wave (1) (blue) down is complete, with Intermediate wave (2) still underway Within that wave, Jeffrey has identified a classic Expanded Flat: red A, B, and soon to be C.
For the record, an expanded flat is an A-B-C correction that subdivides 3-3-5. Here, wave B terminates BEYOND the starting level of wave A to make a new price extreme above that of the preceding impulse wave. Also, wave C ends more substantially beyond the ending level of wave A.
The May 27 Daily Futures Junctures chart illustrates the expanded flat in real time, as a wave in progress. Below is an ideal model of the complete pattern:
If prices confirm Jeffrey's wave count, the conclusion of the expanded flat will give rise to a powerful third wave DOWN.
So, what are you waiting for? Get the full scoop today, absolutely risk-free.
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