Futures Junctures Free Week has begun
September 16, 2010
By Elliott Wave International
Over the past few months, leading grain prices have climbed up the commodity wall like a “mile-a-minute” kudzu vine. From late June to early August, the big three grain markets (wheat, corn, and soybeans) soared 40%-plus in a coordinated rally to multi-year highs before leveling off.
The question on the minds of market participants is simple: Is the grains’ uptrend set to end?
Well, according to the mainstream experts, the answer is a definite NO — and an equally definite YES. See, according to recent headlines, grain prices are as likely headed for strong gains as they are for a world of pain. On this, following news items capture the very conflicting grain complex picture:
- “Wheat futures decline, fall most in two weeks after Egypt looks elsewhere for supplies… We have a bearish tone.” (Wall Street Journal)
- “Wheat Soars Despite Reassurance On German Crop.” (AP)
- “Corn Above $5-per bushel mark; prices expected to pull back.” (Cattle Network)
- “Corn (Soybeans) Still King… the bull market is intact for now.” (Farm Forum)
- “Grain Markets Are Hot: But Is It Too Late? One money manager believes the dance will soon be coming to an end.” (Minyanville)
I rest my case.
(Near-Term Opportunities On The House: On Wednesday September 16, EWI launched its famous Futures Junctures Free Week,providing all Club EWI members with instant, no-cost access to comprehensive near-, and long-term commodity analysis. Sign up today and take advantage of this amazing offer.)
Fortunately, there’s a quick and easy alternative to the mixed messages of the mainstream: the September 14 Daily Futures Junctures. In that publication, EWI’s chief commodity analyst Jeffrey Kennedy presents in depth analysis, labeled price charts, and live video commentary on all three grain markets — a total of 12 charts in all.
The best part is, you can get instant access to Daily Futures Junctures, along with its long-term sister Monthly Futures Junctures at the unbelievable discount of 100% off. This complimentary admission to one of EWI’s most exclusive subscriber resources is the benefit of Futures Junctures Service Free Week. The event runs from 5 pm (EST) on Wednesday September 15 to September 23. Sign up today and start taking advantage of this amazing opportunity.
This article was syndicated by Elliott Wave International and was originally published under the headline Will Grains Gain OR Wane? Find Out For FREE. EWI is the world’s largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.