13 Minutes: The Time it Takes to Know the Long-Term Trend in Commodities

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13 Minutes: The Time it Takes to Know the Long-Term Trend in Commodities
EWI's new-and-improved Monthly Futures Junctures video format wins for best "Big Picture" of the larger trend in the world's major commodities

By Nico Isaac
Fri, 22 Jun 2012 15:00:00 ET

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On June 18, the 2012 Critics Choice Television Awards nominations were unveiled to the public -- minus ONE very important selection: The "Best BIG Picture for the Larger Trend in the World's Leading Commodity Markets."

Earlier this year, Monthly Futures Junctures editor Jeffrey Kennedy launched the first-ever video addition to the usual print version of the monthly publication. As Jeffrey himself explains,

"I like the video because it allows me to touch on the nuances I've missed in the newsletter simply because of a lack of space."

Now, the brand-new June 2012 Monthly Futures Junctures video turns the 4 pages of MFJ's "Featured" market segment into a commercial-free, 13--minute-long commodity-centered miniseries.

Here, Jeffrey stills the camera lens on every price chart from the MFJ newsletter (PLUS several bonus charts not included in the print version). AND -- then he carefully talks you through the Elliott wave guidelines and technical analysis methods he used to identify the upcoming turns in these major markets (italicized text are direct video quotations):

Orange Juice: Back in February 2012, OJ prices stood at an all-time high. AND, according to the mainstream experts, a "perfect bullish storm" was set to take prices to $2.60 and beyond. The February 2012 Monthly Futures Junctures disagreed and wrote:

"OJ's advance from 64.60 to 226.95 has all the subdivisions needed to identify this rally as a complete."

From there, OJ prices plummeted 60% to their lowest level in 3 years before hitting the brakes in mid May. Now, the new Monthly Futures Junctures video tells you what the months of June, July and August have in store.

Soybeans: Is the recent move to the upside the start of a new bull trend? That, says Jeffrey, is "the most popular question in emails that I receive with respect to soybeans." His answer is, in a word, "absolute." He adds:

"Nothing has changed with respect to my long-term count. I continue to favor [one side] substantially. This is essentially my forecast as we move into the remainder of 2012, 2013, and maybe even 2014."

Lean Hogs: Jeffrey likes his pork "rare": i.e., he presents a very rare, video-only "big, big picture" chart of lean hogs dating back to 1970! Fact is, it's only on such a large scale that a "very clean, very clear, and very significant" multi-decade Elliott wave pattern can be seen in all of its glory.

Next, Jeffrey outlines the exact path that prices must take to produce what he calls "the sweet spot" -- the point that allows him to begin positioning for a sizable move in one direction.

Copper: "Exciting," that's the word Jeffrey uses to describe the weekly price chart of copper. The reason being: It shows NOT your classic Head-and-Shoulders pattern, but rather, the less common "Two-Headed Monster" dating back to 2009. Now, Jeffrey has one mission to best the beast:

"I'm going to keep a very, very close eye on the neckline. If we break that, it will essentially open the door to" the multi-month move we've been waiting for.

The CCI: Last year, Monthly Futures Junctures stayed one step ahead of the Continuous Commodity Index's 2011 reversal with this well-timed analysis:

· March 2011 MFJ called for "an additional advance to complete the move" to the upside.

· September 2011 MFJ confirmed a change in trend and wrote: "The CCI tells a bearish story when we apply the most basic Elliott wave analysis."

Now that pacesetter CCI is 20%-plus below its 2011 high, the new MFJ video shows you that multiple charts on multiple time frames all display the "exact type of price action needed to confirm" one specific Elliott structure.

This analysis, as Jeffrey reveals, concerns the future of "the softs, the grains, the livestock, and possibly even metals and energies."

Believe it or not, that's just the VIDEO portion of the latest Monthly Futures Junctures. What follows in print are 8 more pages of Jeffrey's regular "Wave Watch" section. There, Jeffrey presents 2 labeled price charts for 10 commodities -- 20 charts total -- each with clearly marked trendlines, up/downside price targets, and bold arrows pointing prices in their next likely direction.

Start reading -- AND watching the brand-new Monthly Futures Junctures newsletter AND video all-in-one package. Click here to begin.

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Futures Junctures editor Jeffrey Kennedy is your personal opportunity scout as he searches the world's leading commodity markets and serves up his best picks 5 days a week.

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Tags: commodities, copper futures, Elliott wave, futures trading, Jeffrey Kennedy, lean hog futures, Orange Juice, soybean futures

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