weekly elliott wave analyzer - transgraph · alternative elliott wave count on bmd cpo futures...

Weekly Elliott Wave Analyzer

For week beginning For week beginning Oct 20 , 2014Oct 20 , 2014

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Elliott wave legends

© TransGraph Consulting Put Ltd Slide 2

Preferred Elliott wave Count on BMD CPO Futures (Long term)BMD CPO Futures (Long term)

BMD CPO Futures 3-Month, price is seen moving lower in the nature of Intermediate Wave ‘Y’ within


Cycle Wave 2 Down. Price has most likely culminated Minor Wave ‘a’ at MYR 1914 and now it is expected to move higher towards MYR 2500 in the coming 4-6 months.

Preferred Elliott wave Count on BMD CPO Futures (Long term)BMD CPO Futures (Long term)

Within Intermediate Wave ‘Y’ BMD CPO Futures price has culminated Minor (a) leg at 1914 and now


market is seen moving up in the nature of Minor Wave (b). First leg of Minor Wave (b) is likely to have culminated at MYR 2223 and now corrective fall towards MYR 2050 is expected.

Alternative Elliott wave Count on BMD CPO Futures -Long termBMD CPO Futures Long term

The Correction which has started after posting Mar’2008 high of MYR 4486 has been culminated at MYR 1914 and now Impulsive Wave is expected towards MYR 3000 in the coming 4 6 months Price


MYR 1914 and now Impulsive Wave is expected towards MYR 3000 in the coming 4-6 months. Price sustaining above MYR 2500 would be confirmation of the pattern and then Cycle Wave ‘2’ can be placed at MYR 1914.

Alternative Elliott wave Count on BMD CPO Futures – Short termBMD CPO Futures Short term

BMD CPO Futures 3-Month, price within Intermediate Wave ‘1’ is moving higher towards MYR 2300 in


BMD CPO Futures 3 Month, price within Intermediate Wave 1 is moving higher towards MYR 2300 in the nature of Impulsive Wave Minor Wave (1) up. Price is expected to correct towards MYR 2050 before turning positive again.

Elliott wave Analyzery

Elliott Wave AnalyzerMarket BMD Crude Palm Jan ’15 Futures

Week closing MYR 2142 per ton on Oct.17 , 2014

Preferred Count Alternate Count

Elliott wave count Cycle: 2‐Up Cycle: 3 Up

Primary wave: Y Down Primary wave: 1 Up

Intermediate wave: ‘Y’ down Intermediate wave: 1 UpIntermediate wave: Y down Intermediate wave: 1 Up

Minor: (b) Up Minor : (2) Down

Directional component 1‐2 weeks: Negative 1‐2 weeks: Negative

k k d2‐4 weeks: Negative 2‐4 weeks: Sideways

4‐6 weeks: Sideways 4‐6 weeks: Sideways

Price range (1‐2 weeks) IL:MYR 2100 IL:MYR 2100

Mentor’s price outlook: Minor corrective wave (b) is likely to stay below MYR 2225 and trade lower

SL:MYR 2050 SL: MYR 2300

© TransGraph Consulting Put Ltd Slide

Mentor’s price outlook: Minor corrective wave (b) is likely to stay below MYR 2225 and trade lowertowards MYR 2050 before turning positive again in the coming 2‐3 weeks.

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Preferred Elliott Wave Count on CME Soy oil Futures (Long term)CME Soy oil Futures (Long term)

CME Soy Oil Futures C1, price is seen moving lower in the nature of Primary wave ‘C’ within Cycle


CME Soy Oil Futures C1, price is seen moving lower in the nature of Primary wave C within Cycle Wave 2 down. Zone of 28.00-26.00 cents would be target for Cycle Wave ‘2’ down.

Preferred Elliott wave Count on CME Soy oil Futures (Short term)CME Soy oil Futures (Short term)

CME Soy Oil Futures price within Intermediate Wave ‘4’ likely to move higher towards 36.00-37.00 in


the nature of corrective wave ‘a’ before turning weak again in the coming 1-2 months.

Alternative Elliott Wave Count on CME Soy oil Futures Long termCME Soy oil Futures – Long term

Th C l W 2 ti i i d i t d 30 00 l t d 28 00


The Cycle Wave 2 correction is in progress and price towards 30.00 or even lower towards 28.00 cents is possible before turning positive again in the coming 2-3 months.

Alternative Elliott Wave Count on CME Soy oil Futures – Short termCME Soy oil Futures – Short term

CME Soy Oil Futures price within Intermediate Wave ‘C’ is unfolding as an impulsive Minor ‘5’ wherein


CME Soy Oil Futures price within Intermediate Wave C is unfolding as an impulsive Minor 5 wherein price is likely to stay below 34.00 and trade lower towards 30.00/28.00 is possible in the coming few months.

Elliott wave Analyzer

Mentor’s Elliott Wave AnalyzerMarket CME Soy Oil Dec’14 Futures

Week closing 32.05 cents per lb on Oct. 17 2014

Preferred Count Alternate Count

Elliott wave count

Cycle: 2 Up Cycle: 2 Down

Primary wave: C Down Primary wave: Y Down

Intermediate wave: 4 Up Intermediate wave: C DownIntermediate wave: 4 Up Intermediate wave: C Down

Minor Wave: a Up Minor Wave: 5 Down

i i l

1‐2 weeks: Positive 1‐2 weeks: Negative

2 4 k Sid 2 4 k N tiDirectional component 2‐4 weeks: Sideways 2‐4 weeks: Negative

4‐6 weeks: Sideways to Negative 4‐6 weeks: Sideways to weak

Price range (1‐2 weeks)IL: 34.00 cents IL: 30.00 cents

Mentor’s price outlook:C ti i lik l t t b 31 50 d i h hi h t d 34 00/35 50 t i th i f k

Price range (1 2 weeks)SL: 32.00 cents SL: 32.50 cents


Corrective rise likely to stay above 31.50 and inch higher towards 34.00/35.50 cents in the coming few weeks.

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Preferred Elliott wave Count on Coconut oil CIF Rotterdam- Long termCoconut oil CIF Rotterdam Long term

Coconut Oil CIF Rotterdam price is seen moving lower in the nature of Intermediate Wave ‘B’ within


Primary Wave ‘B’ Up. Zone of USD 1000-950 would be high probability culmination for corrective ‘B’ and then Impulsive ‘C’ Wave upside is expected towards USD 1400 in the coming 1-2 months.

Elliott wave Analyzer

Mentor’s Elliott Wave AnalyzerMarket Philippines Coconut Oil 1M Forward

Week closing USD 1070 per MT on Oct. 17, 2014

Preferred Count

Elliott wave count Cycle: 2 Down

Primary wave: B UpPrimary wave: B Up

Intermediate wave: B Down

Minor Wave: c Down

i i l kDirectional component

1‐2 weeks: Negative

2‐4 weeks: Sideways

Price range (1‐2weeks)

IL: USD 1000

SL: USD 950


Preferred Elliott wave Count on Argentina Sunflower Oil long termArgentina Sunflower Oil –long term

Argentina Sunflower Oil price is most likely has culminated Intermediate wave ‘C’ down and now at


least there wave Up is expected towards USD 950/1000 in the coming 1-2 months.

Preferred Elliott wave Count on Ukraine Sunflower Oil –long termUkraine Sunflower Oil long term

Ukraine Sunflower Oil price is most likely has culminated Intermediate wave ‘C’ down and now at


least there wave Up is expected towards USD 900/950 in the coming 1-2 months.

Elliott Wave Analyzer

Mentor’s Elliott Wave Analyzer

MarketArgentina Sunflower Oil 1‐M

Fwd.Ukraine Sunflower Oil 1‐M

Fwd.

Week closing USD 840/MT on Oct. 17, 2014 USD 805/MT on Oct. 17, 2014

Preferred Count Preferred Count

Cycle: 2 Down Cycle: 2 Down

Elliott wave count

Cycle: 2 Down Cycle: 2 Down

Primary wave: Y Down Primary wave: Y Down

Intermediate wave: 1 Up Intermediate wave: 1 Up

Mi W 1 U Mi W 1 UMinor Wave: 1 Up Minor Wave: 1 Up

Directional component


2‐4 weeks: Positive 2‐4 weeks: Positive

Mentor’s price outlook:


Price range 1‐2 weeks: USD 800‐860 1‐2 weeks: USD 800‐860


pPrices are likely to trade stay above USD 800 for Argentina Sunflower Oil and Ukraine Sunflower and tradehigher towards USD 860/900 in the coming 3-4 weeks.

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