This Halloween weekend, we've got the kids beat. For those adults who knock on the door of the brand-new October Monthly Futures Junctures, the treats of opportunity in the world’s leading commodity markets will be sweet indeed.
First into the bag:
Monthly Futures Junctures' “Featured Market” segment. Here, editor Jeffrey Kennedy examines the price charts of 3 key commodities to
"see what no one else sees" -- AND to make sure his overall forecasts makes sense. Here is a tasty sample at what he uncovers:
- Soybean Meal: Jeffrey identifies a huge Elliott wave pattern called a contracting triangle underway since 2008. He then uses Fibonacci price ratio analysis to tell you at what price point the pattern should end -- and what big move should come next.
- Soybean Oil: If an Elliott wave move has developed in five waves, it means the larger trend is up. If it's three, the move is corrective and set to be retraced. Here, Jeffery counts the number of Elliott waves in soybean oil's advance from the 2008 low -- and brings you his conclusion about the larger trend.
- Rice: Here, Jeffrey uses a popular technical indicator -- the relative strength index (RSI) -- to test his wave count and see if rice prices have higher to go.
Next up is MFJ's "Wave Watch." In this grab-bag of goodies, Jeffrey shows you 2 charts of 12 commodities -- 24 charts total -- each with clearly marked trendlines, up/downside price targets, and bold arrows pointing prices in their next likely direction. Off the top are these familiar favorites:
- Cocoa Bar: The January 2011 Monthly Futures Junctures wrote that cocoa would "move to new highs (beyond the December 2009 peak of 3510) [and]l set the stage for a sizable and lengthy bear market."
Result: Cocoa prices peaked above the December 2009 peak in April 2011 and turned down in a 30%-plus sell off to the two-year lows we see today. The new Monthly Futures Junctures takes it from here.
- Coffee Taffy: In June 2010, the market was scraping the bottom near $1.30/pound. AND, according to the mainstream experts, a very bearish supply picture would continue to keep coffee's cards stacked against it. The June 2010 Monthly Futures Junctures told this very different -- bullish -- story: "... coffee's price could easily double from current levels."
Result: 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? The new Monthly Futures Junctures explains.
- Continuous Commodity Index (CCI): Last month, mainstream experts were blindsided when the supposed "safe-haven" Continuous Commodity Index (CCI) declined 13%, despite falling equities. The September 2011 Monthly Futures Junctures forewarned of the move with this alert: "The CCI tells a bearish story when we apply the most basic Elliott wave analysis."
Believe it or not, that's just the top of the opportunitreats found in the brand-new
Monthly Futures Junctures. Get in front of the biggest turns today, via a risk-free
Futures Junctures Service subscription.