Editor's Note -- March 25, 2011: The just-published March Monthly Futures Junctures is now online. Get editor Jeffrey Kennedy's hottest intermediate- to long-term commodity picks on your screen in minutes. Learn more about Futures Junctures Service>>
During eight incredible days of Free Week, Futures Junctures Service editor Jeffrey Kennedy was quick to the draw in identifying major trade setups in several leading commodity markets.
And in his Daily Futures Junctures, Jeffrey likewise alerted readers to those profiles with the highest risk-to-reward ratios. Here are my personal Free Week favorites:
· Cocoa, Long-Term: The January 2011 Monthly Futures Junctures "Featured Market" envisioned the bullish ride to 32-year highs hitting a major speed bump and wrote:
"It is evident that cocoa has been tracing out an ending diagonal since the August 2006 low. This rising wedge represents a progressively weakening market," with the 3653-4000 range cited as a likely turning point.
Cocoa prices rallied into the cited area, turned on March 1 in a powerful sell-off, down to the two-month lows of mid-March.
· Cocoa, Near Term: The March 17 Daily Futures Junctures foresaw instant relief for the market's losing streak: "A bottom appears to be in place. An expanded flat from the March 1 high now counts as complete." From there, cocoa has been on the rise.
· Copper: The January 2011 Monthly Futures Junctures "Featured Market" raised a bearish red flag for the red metal with this urgent message:
"The minimum expectations of a complete wave pattern are already in place. Put simply, in copper, the upside is limited and the next big move will be down."
Copper then spent the first three weeks of February in a powerful downtrend to three month lows, before reclaiming the upside.
· Coffee: Recent mainstream forecasts are as muddled as a cup o' Joe with curdled cream. One news item reads: "Coffee higher, driven by concern about the availability of supplies." Yet the next one says the exact opposite: "Coffee slips on speculation supplies are building."
On the other hand, the March 21 Daily Futures Junctures was as clear as crystal in its near-term analysis of coffee: "Look for a decisive break of key support to provide strong initial evidence that wave (c) [in one direction] is underway."
· Sugar, Long-Term: The February 2011 Monthly Futures Junctures answered the burning question: Will sugar keep falling? Jeffrey wrote: "Let's not sugarcoat it: Wave patterns in sugar call for the current sell off to continue." From there the market had a one-track mind for decline, to the four-month lows we see today.
· Sugar, Near-Term: The message here is exciting. In the March 16 Daily Futures Junctures, Jeffrey revealed that sugar "exhibits a really nice head-and-shoulders pattern." The penetration of one distinct line will clear the way for opportunity.
· Lean Hogs: Will they sizzle or be slaughtered? -- that's the big question in this meat market. And, while the "fundamentalist" picture remains mixed, the March 21 Daily Futures Junctures stands firmly on both feet. There, Jeffrey reveals why "one more push" above a certain level could seal the market's near-term "destiny."
All this is just the tip of the opportunity topsoil. Over the course of Futures Junctures FreeWeek, EWI's chief commodity expert Jeffrey Kennedyalerted readers to the onset and resolution of many meaningful turns.
Now, the latest Daily Futures Junctures -- and the just-published March Monthly Futures Junctures -- pick up where Free Week leaves off, revealing which opportunities will next appear on the radar. You can get it all on your screen in minutes -- risk-free. Learn more about Futures Junctures Service>>