Well, it's happened again. Another Futures Junctures Service Free Week has come to an end, bringing to a close eight incredible days of free access to one of EWI's premier subscriber resources.
During the course of the event, Futures Junctures Service editor Jeffrey Kennedy was quick to the draw in identifying major trade setups in some of the world's leading commodity markets. In his Daily Futures Junctures, Jeffrey then alerted readers to those profiles with the highest risk-to-reward ratios.
Here are my personal Free Week favorites:
Cocoa: From its 32-year peak in mid-July, cocoa plunged 20% in value to a one-plus year low this September. This bearish rout was exactly what Jeffery Kennedy called for in his July 2010 Monthly Futures Junctures, where he issued this timely alert: "... Cocoa has registered a top... and certainly argues that a massive buying effort at this time is ill conceived."
In the September 16 Daily Futures Junctures, Jeffrey saw cocoa's slide coming to a close and wrote: "The decline is complete. This being the case, we should experience moderate additional rally in the days ahead." So far, that's precisely what happened.
Coffee: While the mainstream experts played tug-of-fundamentals (SEE: "Coffee futures on the rise on speculation dry weather will damage the crop in Brazil" VERSUS "Coffee prices fall most in four weeks as wet weather may limit crop damage"), the September 17 Daily Futures Junctures"Weekly Wrap-up" showed the market headed for a powerful, third-wave decline, making the one-month lows we see now no surprise.
Cotton: In the September 16 DFJ, Jeffery went against the bullish tide and wrote: "Ideally, we're close to completing an advance." Cotton proceeded with a steep fall on September 22, the biggest drop since June.
Corn: The usual news sources couldn't get their stories straight: SEE: "Corn futures expected to open higher on fresh demand" VERSUS "Corn prices decline on bets that this quarter's rally will erode demand." The September 17 DFJ "Weekly Wrap-up" chart of corn saw the grain's winning streak was coming to a screeching halt.
Soybean Oil: In the September 20 DFJ, Jeffrey wrote: "The way is now clear for further advance," and identified the critical price level that would "keep short-term bullish wave patterns on track." Now the market stands at an all-time contract high.
Feeder Cattle: When prices fell to a three-month low on September 17, the fundamental experts cited one main factor: A bearish September 17 US Department of Agriculture report. "That's where the aftershock is coming from," explained one major outlet. Yet -- two days earlier, the September 15 DFJ revealed this pre-shock: "An expanded flat is in force from the April high. Feeders are now declining in wave C."
Believe it or not, that's just the tip of the opportunity topsoil. So, while Free Week may be over, your chance to get ahead of the biggest turns in store for the world's leading commodity markets starts right now.