Across Elliott Wave International’s 13 subscription services, our analysts publish more than 12,500 charts, 300 videos and 100 pages of market analysis and forecasts every month—covering stocks, commodities, currencies, precious metals, energy, cryptocurrencies, interest rates and more.
With that much analysis being published, it’s impossible to highlight every noteworthy opportunity. Every so often, a subscriber takes the time to share one that stood out.
Recently, one Commodity Pro Service subscriber reached out to share an example of an Elliott wave set-up identified by senior analyst Jim Martens:
Good morning,
I wanted to point out a spectacular low risk opportunity I was alerted to in the Pro Services Commodity Service by Jim Martens.
Below is a chart of October Sugar, with a description and set up of the highlighted opportunity.
Jim has been bullish on sugar through his price counts. He isolated a low risk buying opportunity July 30 in his closing comment video. The opportunity was to position against a key price level of 14.37. The market closed that day at 14.43 (6 ticks away from14.37 or $67.20 of risk). The low the next day on 7/31 was 14.38. From there prices never looked back. Jim had been on the look out for a wave three type of move ahead – and he caught it!
I wanted to bring this to you and/or management’s attention on how perfect a trade set up this was…low risk in the direction of the primary trend. The epitome of taking full advantage of the Elliott wave price count. You can get the wording and analysis of this set up on the 7/30 closing comment video.
It doesn’t get much better than this! Excellent work!
Keep up the good work.
Best,
JTI
Continue Following Jim Martens’ Analysis
Get Jim Martens’ Complete Commodity Coverage:
Commodity Pro Service
Follow Jim’s ongoing Elliott wave analysis with Commodity Pro Service. Receive regular market updates, video commentary and in-depth forecasts covering grains, softs, livestock, metals, energy and other commodity markets as new opportunities develop.
Want a Broader View of the Commodity Markets?
While Commodity Pro Service provides ongoing analysis of individual commodity markets, Commodity Junctures offers a broader perspective on the trends shaping the agricultural sector.
Commodity Junctures
Every Friday, Jim Martens reviews dozens of charts to highlight his highest-confidence opportunities and biggest risks across grains, softs and livestock. Subscribers also receive a comprehensive monthly outlook and live webinar with Q&A, helping them stay aligned with the dominant trends developing throughout the commodity markets.
Whether you’re looking for the next opportunity or simply want a better understanding of where the commodity markets may be headed, Commodity Junctures helps you focus on the markets that deserve your attention.
About Jim:
Jim Martens Chief Commodity Analyst
A 35-year market veteran, Jim Martens has taught Elliott waves at dozens of trading seminars around the world and has always enjoyed interacting with subscribers. Jim began his study of R.N. Elliott’s Wave Principle in the mid-1980s, which led to a position with Sabin Commodities at the Commodity Exchange Center in New York. He joined EWI in 1993 and soon became the editor EWI’s Currency Outlook of our Currency & Commodities Forecast. In 2000, Jim accepted an invitation to join Nexus Capital Ltd. as their Chief Technical Analyst. He returned to EWI in 2004 to lead our FX and cryptocurrency teams. Jim now runs our Commodities Pro Service, Commodity Junctures and is one of our Trader’s Classroom instructors.
