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The "Hunt" For Opportunity: Crude Oil, Copper, Corn, And More

By Nico Isaac
Thu, 09 Apr 2009 23:30:00 ET
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As many children around the globe gear up for exciting Easter egg hunts this weekend -- one heart-pounding financial search is already over: The quest for opportunity in the world's leading commodity markets.
Open up your basket: The brand-new April 9 Daily Futures Junctures (DFJ) "Weekly Wrap-up" presents original price charts for TWENTY major markets, each one filled with more tantalizing content than a Cadbury egg, such as: Fibonacci calculated resistance levels, critical trend lines, potential up-and-downside targets, and bold arrows pointing prices in their next probable direction.
Off the top are these familiar favorites:
Cocoa Sours: The April 3 DFJ' "Weekly Wrap-up" chart showed prices set for a strong turn down. Now that the market stands at a two-week low, the usual experts blame "a strong dollar" for "reducing cocoa demand." Try again: From December to February, a sustained rise in the dollar did nothing to buck the uptrend in cocoa. Find out how low cocoa prices are set to go...
An Ear to Corn: According to the mainstream experts, a rise in crude oil prompts a rise in corn. The reason being: the higher the cost of oil, the greater the demand for alternative fuels, such as grain-based ethanol. Problem is: In the four days ending April 9, crude oil ended UP, while corn prices plunged to a one-week low. The new "Weekly Wrap-up" sets the record straight.

Lumber, Out of the Woodwork: Despite data confirming that the worst housing crisis since the Great Depression was nowhere near its bottom, the February 13 DFJ' "Weekly Wrap-up" chart contained a bold arrow pointing UP, way up, in the strongest wave pattern there is. Now that lumber prices stand at a near three-month high, the new "Wrap-up" hits the nail on the market's head.

(Commodities: 20 Markets. 35 Price Charts. One service: The April 9 Daily Futures Junctures "Weekly Wrap" offers the most comprehensive coverage of the near-term opportunities out there. Act Now.)

Live Cattle Comes Alive: The April 2 DFJ revealed an "important event" and wrote: "Prices will yield another wave up beyond today's high, and the stage will be set for a week's long advance." Cattle prices followed the Elliott Wave script to the T-bone. Now, the new "Wrap-up" shows where to steak out the next opportunity.
Crude Oil Connection: When oil prices rocketed 6% on April 9, the mainstream cited one main reason: "Oil Rises As Stocks Surge." It's a familiar claim, except that it doesn't hold water. Check It: The DJIA peaked in October 2007 -- nearly one entire year BEFORE oil prices hit their own July 2008 high. Get the objective details today.
Copper, Red Hot: In late 2008, copper prices had plummeted more than 70% in five months. And, as far as the mainstream was concerned, "copper's slump was here to stay" as the economic crisis took the wind out of the industrial metal's sails.
YET -- in mid-December 2008, copper prices began to RALLY, even as the U.S. stock market closed its worst year since the Great Depression. Will the 48% rise since then last? The new "Wrap-up" settles the score.
Believe it or not, that's just the tip of the scavenger hunt for opportunity. The April 9 Daily Futures Junctures "Weekly Wrap-up" presents labeled price charts and timeless details on a over a dozen more markets. Get the complete text -- and live narrative video -- today via a risk-free subscription. Click Here to get started.
 

Tags: Commodities, futures, Crude oil, Copper, Corn, live cattle, lumber

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The Elliott Wave Principle is a detailed description of how financial markets behave. The description reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific Elliott wave patterns in price movements. Each pattern has implications regarding the position of the market within its overall progression, past, present and future. The purpose of Elliott Wave International’s market-oriented publications is to outline the progress of markets in terms of the Wave Principle and to educate interested parties in the successful application of the Wave Principle. While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will Elliott Wave International make specific recommendations for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended. Investing carries risk of losses, and trading futures or options is especially risky because these instruments are highly leveraged, and traders can lose more than their initial margin funds. Information provided by Elliott Wave International is expressed in good faith, but it is not guaranteed. The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities. Please ask your broker or your advisor to explain all risks to you before making any trading and investing decisions.

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