Take a look at the following price chart of coffee futures over the last two years. (Courtesy of ino.com)
I highlighted coffee's two-biggest long-term trend changes over the period:
- The June 2010 bottom, from which prices embarked on a powerful rally to a 34-year high.
- And, the May 2011 top, from which prices have been sliding south since.
Now, imagine the advantage of anticipating these turns BEFORE they occurred?
Well, that has been the very achievement of EWI's
Futures Junctures Service editor Jeffrey Kennedy via these well-timed insights from his long-term
Monthly Futures Junctures publications:
June 2010 Monthly Futures Junctures observed a historic analog between coffee's 2009 and 1993 lows and wrote:
"The analog seemingly forewarns of a volatile price move in coffee, just as we witness the culmination of a years-long running triangle. The analysis could suggest that coffee's triangle thrust will be large. If the pattern and analog... do indeed repeat, then coffee prices could easily double from the current levels."
From its June 2010 bottom, coffee soared 78% to more than fulfill Jeffrey's bullish outlook.
Then, in the April 2011 Monthly Futures Junctures, Jeffrey began to set the stage for a brief sell-off in coffee in what he labeled as a fourth wave retracement. While Jeffrey's analysis did NOT anticipate the depth or duration of coffee's decline, his identification of price action since the May 2011 top as a fourth wave has remained correct.
So, the question now is: how low are coffee prices set to go?
And, in the current
Monthly Futures Junctures, Jeffrey steps out of the written box to present a special VIDEO "Featured Market" segment that includes live, spoken analysis of coffee's long-term trend. Don't wait for this opportunity to go cold. Subscribe risk-free to
Futures Junctures Service today.
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