Over the past month, much of North America has been hit by triple-digit temperatures and record-high humidity. And, according to EWI's chief commodity analyst Jeffrey Kennedy, a major "heat dome" is also about to set in over the world's commodities.
And in his brand-new Monthly Futures Junctures, Jeffrey shows you where -- and how soon -- the thermometer of opportunity may reach a boiling point in these and other commodities:
In the opening "Monthly Feature" section of the latest MFJ, Jeffrey presents to you a rare "top-down" look at the Elliott wave patterns underway in cotton and wheat. With 12 stunning charts going back as far as 250 years -- and as recently as two months -- Jeffrey reveals how both markets display the key characteristics of a diagonal triangle Elliott wave pattern. This is significant for two reasons: First, diagonals are known to precede "dramatic" moves. And second, the very size of the diagonals in cotton and wheat suggest the drama to come should last not months, but years.
Jeffrey fills pages 6-12 with his "Wave Watch," where he shows you 2 Elliott wave-labeled charts of 12 different commodities, each marked with price targets and bold arrows pointing out their next likely direction. Off the top are these familiar favorites:
Cocoa: The January 2011 MFJ outlined a specific path for prices: an additional advance to the 3653 area -- and then a reversal. In early April, cocoa landed smack dab in the middle of its cited target and turned down as anticipated. Now, the new MFJ redefines the lines.
Sugar: Despite a bullish "fundamental" backdrop of high demand, low supply and adverse weather, the February 2011 MFJsaw sugar's winning streak ending and wrote: "Let's not sugarcoat it. Wave patterns in sugar call for the current sell off from the February peak to continue.” In early May, sugar hit its target beneath the November low. Now that prices are orbiting an all-time high, MFJ has the sweet new details.
Coffee: June 2010 MFJ "Monthly Feature" wrote: "If the patterns and [historical] analog reviewed in this months' issue do indeed repeat, then coffee's price could easily double from current levels." From its June 2010 low, coffee more than doubled in a 78% surge to 30-year highs before turning down early this May. Now what?
Lean hogs: Check it out:
· April 2010 MFJ wrote that probabilities favored a top forming near current levels that will lead to a months-long bear market.
Result: Lean hogs turned down from their April peak in 25% sell off -- BUT…
· The July 2010 MFJ saw that the original call for a sustained bear market was premature. A revised forecast called for a large rally above the 2009 peak.
Result: From the November 2011 low, hogs soared 60%, above the 2009 high.
The new Monthly Futures Junctures also gives you forecasts for 7 more commodities and an illuminating "Traders Classroom" lesson on how to avoid the most common traps traders fall into.
Don't sweat the next big moves in commodities. Stay ahead of the turns today via a risk-free subscription to Monthly Futures Junctures.
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Get the most useful commodity analysis $19 can buy -- guaranteed.
Each issue of Monthly Futures Junctures gives you actionable analysis of the biggest opportunities, complete commodity coverage and a practical education to help you put it all into action:
Monthly Feature - Practical, in-depth analysis helps you take advantage of the most promising commodity opportunities.
Wave Watch - Specific, 24-chart commodity forecasts help you anticipate opportunities and manage your own positions.
Trader's Classroom - Practical, real-world trading lessons you can use in any market.
Subscribe now to Monthly Futures Junctures and get the 2 latest issues -- including Jeffrey's brand-new issue -- risk-free for just $19.
Limited-Time Bonus: Get FREE access to these valuable subscriber resources:
- Jeffrey's new 1-hour trading course, The Wave Principle Applied -- How to Spot a Pattern You Recognize and Put Your Trading Plan into Action. ($99 Value)
- Trader's Classroom Vol. 1 & 2 -- 128 pages filled with valuable tips and techniques to help with every critical aspect of your trading, in any market. ($118 Value)
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