Volatile commodity prices are great news for traders

Turbulent commodity prices have sent investors running, says John C Burford. It's time for chart-following swing traders to come out to play.

On Wednesday, I explained how I found excellent and very profitable swing trades in the GBP/USD market using simple Elliott wave and Fibonacci concepts. The market gave textbook turns at highly accurate and forecastable price points.

Today, I want to cover the FTSE 100 index, which is a market that I follow avidly, though I do not trade it quite as often as the Dow. Nevertheless, the FTSE has offered and still offers some excellent swing trades.

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.