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Commodity Update: Will 2012 be a Repeat of 2008? (FREE 9-Min. Video)
See the answer in EWI Senior Commodity Analyst's video update -- FREE
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By Bart Bruce
Mon, 03 Oct 2011 17:30:00 ET |
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Elliott wave patterns in market charts aren’t 100% crystal clear 100% of the time -- but when you do spot a high-probability trade setup, your heart begins to pound.
EWI's Senior Commodity Analyst Jeffrey Kennedy does just that in his September 23 Daily Futures Junctures "Weekly Wrap-Up" video. (Jeffrey records an overview video for his Futures Junctures subscribers every Friday.)
Using his own unique trendline tool (The Kennedy Channeling Technique), Jeffrey identifies a September break of the base price channel in the Continuous Commodity Index (CCI) price chart.
Why is this breach of the CCI trendline so significant to commodities?
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It means that price action is confirming our Elliott wave assessment, which is exactly what we want." Kennedy explains in the free 9-minute
video.
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What we've seen in commodities in the past couple of weeks is simply a taste of things to come."
