Blogs

16 Oct

Corn Prices Stuck In 7 Week Consolidation

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

Corn Futures---Corn futures in the December contract finished lower by 2 cents at 3.50 a bushel stuck in a 7 week consolidation as a possible double bottom may have been created last week off of the USDA crop report on October 12th around the 3.44 level as I'm not involved in this market, but keep a close eye on a possible bullish position ahead.

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16 Oct

Cocoa Prices Lower 3rd Day In A Row

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

Cocoa Futures--- Cocoa futures in the December contract are trading lower for the 3rd consecutive session down 43 points currently trading at 2044 unable to continue their bullish momentum over the 2100 level as I have been recommending a bullish position for quite some time around the 2010 level & if you took the trade continue to place the stop loss at 1999 on a closing bases only as prices are having a hard time moving higher.

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16 Oct

Soybeans Lower On Profit Taking

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

Soybean Futures---Soybean futures in the November contract are down 8 cents currently trading at 9.92 a bushel reversing some of the sharp gains that we witnessed over the last 2 trading session due to the crop report which was construed bullish last week sending prices to a 10 week high.

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16 Oct

Coffee Prices Break Support

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

Coffee Futures--- Coffee futures in the December contract are down 180 points currently trading at 124.70 breaking major support now looking to possibly retest the June 22nd low of 119.10 in the coming days ahead as I'm not recommending a short position in this commodity as I do think the downside is limited, however prices remain on the defensive in the short term.

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16 Oct

Mexican Peso Hits 4 Month Lows

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

Mexican Peso Futures--- The Mexican Peso in the December contract is lower by 24 points currently trading at 5185 retesting lows that we haven't sent since June as the momentum to the downside is accelerating on a daily basis in my opinion.

16 Oct

What Is The Difference Between Old/New Crop ?

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

What’s the difference between old crop & new crop in the agricultural commodities? When analysts and traders talk about agricultural commodities such as soybeans & corn the one thing they generally mention is old crop versus new crop and that might confuse some beginners on what exactly is the difference.

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16 Oct

Copper Prices Hit A 3 Year High

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

Copper Futures---Copper futures in the December contract is trading higher by a whopping 1140 points currently at 3.2480 a pound hitting a 3 year & as I've talked about in previous blogs I am bullish copper, however I'm not involved but I do think prices are headed higher as prices have also hit a fresh contract high today as well.

16 Oct

Stock Market Hits All Time Highs Again

in Blog, commodity consulting, commodity trading, dow jones futures, futures trading, NASDAQ 100 futures, S&P 500, seeryfutures

S&P 500 Futures--- The S&P 500 in the December contract is trading at all-time highs this Monday in Chicago continuing its bullish momentum up another 2 points at 2555 & if you are long a futures contract continue to place the stop loss under the 10 day low which in tomorrow's trade will be 2529 and in Wednesday's trade will be raised to 2534 as the chart structure is improving on a daily basis.

 

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13 Oct

Mike Seery's Limit Up Commodity Report 10-13-17

in Blog

Gold Futures--- Gold futures in the December contract settled last Friday in New York at 1,275 an ounce while currently trading at 1,304 up nearly $30 for the trading week bottoming out last Friday around 1,262 as I'm currently not involved in this market or any of the precious metals as gold and silver remain extremely choppy in recent months.

 

13 Oct

Will Soymeal Prices Make New Highs ?

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

Soymeal Futures--- Soybean meal futures in the December contract settled last Friday in Chicago at 319.20 a ton while currently trading at 328.60 up about 900 points for the trading week continuing its bullish momentum as I have been recommending a position from around the 3.13 level while recommending more positions around the 3.22 area & if you took the trade continue to place the stop loss under the 10 day low at 309.80 as the chart structur

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