Finding consistent analysis of financial markets in the mainstream media is like finding a contact lens on a clear, linoleum floor. It doesn't happen often.
Frankly, you'd have a better chance of getting a straight answer from the split-personality of Dr. Jekyll & Mr. Hyde. One minute, you have cheery upbeat forecasts for sustained uptrends. Only to be followed the next minute by dark projections of bearish despair.
Case in point: These recent news items regarding the future course of Coffee prices.
- "Coffee prices higher. Torrential rains dumped by typhoon Ketsana on Vietnam's key coffee-growing Central Highlands region could delay the start of the next harvest... Also, the rebalancing by Deutsche Bank is helping to fuel the fire." (Reuters)
---- VERSUS ----
- "I think its pure technical buying. I don't see anything fundamental behind it." (Forex Yard)
The next contradictory pair:
- "Weak data tugs at commodities. Coffee, sugar, and cocoa fell broadly as investors abandoned risky assets." (Associated Press)
---- VERSUS ----
- "Speculative buying boosted coffee, bucking the trend of broad-based commodity weakness. By all rights, coffee should've gotten beaten up." (Futuresource.com)
Last but not least:
- "Coffee Prices To Extend Rally." (AP)
---- VERSUS ----
- "Coffee Bull Bubble About To Pop On Brazil's Crop... the bull will stop very soon." (Bloomberg)
Any questions?
As for clear, objective insight into the near-term trend changes in store for Coffee, the October 2 Daily Futures Junctures is here. In that publication, Elliott Wave International's chief commodity analyst Jeffrey Kennedy presents two compelling close-ups of Coffee -- each with clear, identifiable Elliott wave counts. Not to mention written analysis and a live, video narrative in which Jeffrey identifies important support and resistance levels.