Mike Seery's blog

19 Jan

Are Gold Prices Going Higher ?

in Blog, commodity trading, copper futures, futures trading, gold futures, Mike Seery, palladium futures, platinum futures, seeryfutures, silver futures

Gold Futures--- Gold futures settled last Friday in New York at 1,334 an ounce while currently trading at 1,334 basically unchanged for the trading week as the volatility certainly has increased as gold prices have rallied about $100 from their December 12th low of 1,238 as this still remains in a bullish trend.

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18 Jan

Here Is My Oat Recommendation

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Oat Futures--- Mr. Ed the famous horse is very happy today as I'm am now recommending a bullish position in oats at the 2.60 level and if you took this trade continue to place the stop loss under the 2 week low standing at 2.45 as the risk is around $0.15 or $750 per contract plus slippage and commission as prices have now hit a 5 week high.

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18 Jan

Will Coffee Prices Ever Rally ?

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Coffee Futures--- Coffee futures in the March contract are currently trading at 121.70 a pound lower by 140 points reversing some of the sharp gains that we witnessed in yesterday's trade as this market still remains on the defensive testing major support between the 118/120 level in my opinion.

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18 Jan

Cocoa Prices Have Broken Out

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cocoa Futures--- Cocoa futures in the March contract are currently trading higher by 13 points at 1998 as I have been recommending a bullish trade as of yesterday from around the 1990 level as prices have broken out & if you took that trade place the stop loss which stands at the 2 week low at 1866 as the risk on this trade is around $1,300 per contract plus slippage & commission.

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18 Jan

Have Wheat Prices Bottomed ?

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Wheat Futures--- Wheat futures in the March contract are trading slightly higher for the 2nd consecutive session up 3 cents at 4.24 a bushel reversing some of the losses that we witnessed last Friday off of the USDA crop report as the grain market in general is starting to show some life.

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17 Jan

Mike Seery's Daily Commodity Comments 1-17-18

in Blog

Corn Futures--- Corn futures in the March contract are trading higher for the 2nd consecutive session up 3 cents at 3.51 a bushel as I am looking at a possible bullish position if prices break 3.55 on a closing basis and if that does occur I will place my stop under the 2 week low which is also the contract low of 3.45 as the risk would be $0.10 or $500 plus slippage & commission.

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17 Jan

Cotton Prices Continue Bullish Trend

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cotton Futures--- Cotton futures in the March contract finished up 71 points at 82.14 continuing its bullish momentum looking to retest last Fridays high of 84.65 as this trend still remains strong in my opinion as the U.S dollar rallied today, but is still right near a 3 year low helping support many of the commodity sectors here in the short-term.

17 Jan

The Trends Are Coming !

in Bitcoin, Blog, Bonds, commodities, currencies, futures trading, Mike Seery

TRADING THEORY---Trade with the short term trend, as the saying goes in futures trading the trend is your friend but sometimes you will be in a market that is trending higher and then has a false breakout to the upside and then suddenly sells off causing you a 2% loss on your equity and you say to yourself that was a bad trade and should I do something different on my next trade.

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17 Jan

10 Year Notes Hit 5 Year Lows

in Bitcoin, Blog, Bonds, commodities, currencies, futures trading, Mike Seery

10 Year Note Futures---The 10 year note in the March contract is trading lower by 11 points at 122/20 hitting a 5 year low as the bearish momentum is accelerating to the downside as I will be looking at adding more contracts once the chart structure improves early next week.

17 Jan

Natural Gas Hit 8 Week Highs

in Blog, commodity consulting, commodity trading, crude oil futures, futures trading, heating oil futures, natural gas futures, option trading, seeryfutures, unleaded gasoline futures

Natural Gas Futures---Natural gas futures in the February contract is trading higher by 13 points at 3.26 hitting an 8 week high despite the fact the warmer weather has entered the Midwestern part of the United States as the bullish trend continues in natural gas and in the energy sector as a whole.

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Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
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