Mike Seery's blog

11 Jan

What Is A Triple Bottom ? Look At Oats

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

What Is A Triple Bottom Chart Pattern ? A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of commoditiy creates 3 sell offs at nearly the same price level. The third bounce off the support is an indication that buying interest (demand) is outweighing selling interest (supply) and that the trend is in the process of reversing.

11 Jan

Natural Gas Up 10 Points On Weather

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 are up 10 points at 3.00 looking to retest the January 2nd high of 3.10 as cooler weather is forecast next week supporting prices here in the short term.

10 Jan

Is That A Triple Bottom In Oats ?

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

Oat Futures--- Oat futures in the March contract finished up 2 cents at 2.51 a bushel right near a 3 week high as I have not traded this commodity for quite some time, but it looks to me that a possible triple bottom may have been formed around the 2.40 level as I will be looking at a bullish position if prices break the 5 week high of 2.57 as the chart structure will start to improve on a daily basis therefore lowering the monetary risk.

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10 Jan

When Should You Enter Into A Trade ?

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

When Should You Enter Into A Trade ? I have been asked this question many times throughout my career and my opinion is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis.

10 Jan

Are Wheat Prices Breaking Out ?

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 traded slightly higher for the 2nd consecutive session up 2 cents at 4.34 a bushel as I continue to sit on the sidelines looking for a bullish position if prices crack 4.37 on closing basis while then placing the stop loss under the 2 week low at 4.24 risking around $0.13 or $650 per contract plus slippage and commission.

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10 Jan

Can Crude Oil Hit $70 A Barrel ?

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

Crude Oil Futures---Crude oil futures in the February contract are trading higher for the 3rd consecutive session up another $0.55 at 63.51 a barrel hitting another contract high as strong demand for crude oil and the entire energy sector continues to push prices higher as this commodity is riding the coattails of U.S equity markets to the upside.

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10 Jan

Are Cocoa Prices Breaking 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 trading higher by 45 points currently at 1944 as I will be recommending a bullish position if prices close above the 1953 level while then placing the stop loss at 2 possible locations depending on your risk tolerance as the 10 day low stands at 1836 risking around $1,200 or under the contract low of 1804 risking around $1,500 per contract plus slippage & commission.

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10 Jan

Cotton Up 3rd Day In A Row

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 are trading higher for the 3rd consecutive session up 50 points this Wednesday in New York currently trading at 78.80 looking to retest the January 5th high of 80.05 in my opinion.

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09 Jan

Natural Gas Higher On Weather Forecast

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 have traded higher for the 2nd consecutive session up another 9 points at 2.92 as I have been recommending a bullish position from last Friday around the 2.78 level and if you took the trade continue to place the stop loss under the contract low standing at 2.56 as that will change in next week's trade therefore lowering the monetary risk.

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09 Jan

How Low Is The 10 Year Note Headed ?

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

10 Year Note Futures---The 10 year note in the March contract has traded lower for the 4th consecutive session breaking major support at the 123/12 level as I have been recommending to sell more if that level was broken as that occurred in today's trade as prices finished down another 15 ticks to close around the 123/00 level right near a 5 year low.

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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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