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How to Get Some Long-Term Clarity in the World's Leading Commodity Markets
EWI's latest Monthly Futures Junctures reveals which key markets will likely be "breathing easy" in the weeks and months to come

By Nico Isaac
Fri, 24 Jun 2011 14:00:00 ET
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Itchy eyes: Check. Runny nose: Check. Head feeling like an overripe watermelon about to explode: Check
 
Allergy season has arrived. And for many of us, that turns the outside world into a blurry battleground of foggy vision and hay fever. Yet, INSIDE the world’s leading commodity markets -- the air is calm and clear. Right now, EWI’s brand-new Monthly Futures Junctures is the ultimate "shot in the arm" to bring the long-term picture of these and more commodities into sharp and startling focus:
 
Pollen Count: 0. Wave Count: 3 -- In the opening “Featured Market” segment, Monthly Futures Junctures editor Jeffrey Kennedy fills 5 pages and 8 price charts with detailed insights into where these 3 major names are headed:
 
·        Corn: Prices have skyrocketed 145% from their June 2010 low, and inquiring minds want to know: will this grain continue to gain? MFJ reveals how the “picture perfect” wave pattern underway could have “dramatic” consequences. 
·        Wheat: Has the decline since the February 2011 high traced out three waves (i.e. corrective pattern) or five waves (i.e. impulsive pattern)? MFJ is “counting” the number of waves to indicate the direction of the larger trend.
·        Coffee: The June 2010 MFJ suggested “prices could easily double from current levels.” And, from its June low, coffee soared 78% before turning down in early May. Now, MFJ uses Fibonacci guidelines to identify a strong “zone” of support.

Next up is MFJ’s “Wave Watch.” 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:

Cocoa: The January 2011 MFJ outlined a specific path for prices: an incomplete diagonal would require additional advance to the 3653 area -- and then reverse. In early April, cocoa landed smack dab in the middle of its cited price target and turned down as anticipated. Now, the June MFJ redefines the lines.
 
Sugar: Despite a bullish fundamental backdrop of high demand, low supply, and adverse weather, the February 2011 MFJ saw sugar's winning streak coming to end and wrote: "Let's not sugarcoat it. Wave patterns in sugar call for the current sell-off from the February peak to continue” to below the November low.
 
Flash ahead: sugar prices have rebounded off their early May nadir to a three-month high. Is the uptrend here to stay? MFJ has the sweet details.
 
Orange Juice: On May 26, OJ rocketed to its highest level in four years. And, according to the experts, one factor is behind the market's gains: "OJ Prices Soar On Hurricane Speculation" (Bloomberg).
 
YET, two months before the start of the hurricane season, the April MFJ "Wave Watch" chart showed OJ prices set to double in a powerful rally to the 2.00 range. The new issue takes it from there.
 
Soybeans: The November 2010 MFJ saw the weak streak in soybeans coming to an end: "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 bushel range." Since reaching that height in February, though, beans have been stuck in a sideways trend with seemingly no end…
 
The new MFJ has the inside scoop that might surprise you.
 
Lean Hogs: Check it out:
 
·        April 2010 MFJ: Probabilities favor a top forming near current levels that will lead to a months- long bear market.
And -- prices turned down from their April peak in powerful, 25% sell off -- BUT…
·        July 2010 MFJ: Saw that the original call for a sustained bear market was premature. A newly revised picture called for a large rally above the 2009 peak.
From a November 2011 low, hog prices soared 60% to surpass the 2009 high. Now what?
 
Believe it or not, that’s just the tip of all the new Monthly Futures Junctures has in store. Find clarity today via a risk-free Futures Junctures Service subscription.

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