Over the last few months, the global commodity sector has delivered more nail-biting drama than the famous Globe Theater. In the last scene, several leading stars went from high-flying to low-lying in true, fall-from-grace fashion. And now, the silence is shattered by a startling knock at the door. Who calls: the bull or bear?
The anticipation is finally over, thanks to a brand-new Monthly Futures Junctures (available online on March 25) In this riveting, 14-page publication, EWI’s chief commodity analyst and longtime Futures Junctures Service editor Jeffrey Kennedy reveals the long-term plot in store for the world’s leading commodity markets.
The March 2011 Monthly Futures Junctures curtain opens with an action-packed “Featured Market” segment. Here, Jeffrey revisits the Cocoa and Soybean complex and shows how nicely both markets have “followed their Elliott wave script.”
· Cocoa: The January 2011 Monthly Futures Junctures foresaw a sour turn for the sweet market. There, Jeffrey revealed how prices were one “fifth wave up” from creating a top and “finishing the entire pattern that began in 2006.” Thereafter, cocoa rallied into Jeffrey’s cited target range and, on March 1, turned down in a precipitous decline to two-month lows. Now, Jeffrey explains how the “stage is set for the next act.”
· Soybeans: Back in November 2010, soybeans were about as brawny as a newborn bird. Still, the November 2010 Monthly Futures Junctures saw the grain’s pains about to end. In Jeffrey’s words: “The sell-off from the November 2008 peak was wave (4) of a still developing motive wave that should push prices to the $14-$15 a bushel range,” thereby exceeding the November 2008 extreme. From there, beans took flight in a powerful rally and went on to surpass the November 2010 peak as expected before turning down. The March 2011 Monthly Futures Junctures spills the beans.
No intermission here. The March 2011 Monthly Futures Junctures goes right into its “Wave Watch” section. Here, Jeffrey shows you two labeled snapshots per 12 markets, each with a clearly marked target and bold arrows pointing to the next likely direction for prices. Off the top are these familiar favorites:
Sugar: The February 2011 Monthly Futures Junctures featured market commentary cut right to the chase and said: “Let's not sugarcoat it. Wave patterns in sugar call for the current sell-off from the February peak to continue.” In the months to come, sugar’s losing streak didn’t skip a beat, with prices plunging 20%-plus to a four-month low. Now what?
Coffee: At the June low, the June 2010 Monthly Futures Junctures feature commentary discussed how the culmination of a years-long running triangle would be followed by a large and lasting “post-triangle thrust.” Jeffery went out on a limb and suggested prices could “easily double from current levels.” And that’s exactly what happened, as coffee embarked on a powerful rally to a 30-year high on February 2. Now, the March 2011 Monthly Futures Junctures brews a strong cup of analysis.
Cotton: The September 2010 Monthly Futures Junctures caught cotton’s amazing climb before it began with this timely insight: “The internal subdivisions of these price moves argue for additional strength in the months to come. In fact, I wouldn’t be surprised to see strength persist [into] the first quarter of 2011.” Then, the December 2010 MFJ amped up its bullish call by revealing a fifth wave under way – a pattern that is commonly extended in commodity markets. The huge gains in cotton since then speak for themselves.
Lean Hogs: In the February 10, 2011, Daily Futures Junctures, Jeffrey observed a major wave sequence coming to an end and issued this urgent warning: “Prices are staging a five-wave rally sequence. Once this five up wanes over the very near term, be aware: price may then embark on a large, multi-month long fall.” From its February peak, hogs turned down in a precipitous decline to two-month lows before rebounding in late March. The March 2011 Monthly Futures Junctures fills in the long side.
Believe it or not, that’s just the beginning of what the March 2011 Monthly Futures Junctures has in store. Also included are detailed price charts and video commentary on several other leading markets, AND an educational “Trader's Classroom” segment on how to use a Reverse Candlestick bar pattern to identify likely turns in the markets you watch most.