Blogs

15 Aug

Silver Down 50 Cents On Strong Dollar

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

Silver Futures--- Silver futures in the September contract are currently trading lower by $0.50 at 16.63 a bushel after stalling last week right near a 7 week high as tensions with North Korea have eased over the last several days sending silver & the precious metal sharply lower in today's trade.

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15 Aug

Gold Lower On Waning Korea Tensions

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

Gold Futures--- Gold futures in the December contract are trading lower for the 2nd consecutive session down $15 at 1,275 an ounce unable to break major resistance this week at the 1,300 level as the North Korean tensions with the United States have waned as it looks like North Korea has blinked and will not shoot test missiles towards the tiny island of Guam sending gold prices sharply lower.

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14 Aug

Crude Oil Stuck In A 3 Week Channel

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 September contract is currently down $0.10 at 48.63 a barrel as I'm currently sitting on the sidelines waiting for a break out to occur as the chart structure is outstanding at the present time due to the fact that we are stuck in a very tight 3 week consolidation.

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11 Aug

Never Answer A Margin Call !

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

TRADING THEORY---Never answer a margin call because you are probably overtrading and most likely the position is going against you and probably have lost much more than 2% on that trade.

Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that will not force you out of the position.

11 Aug

Cattle Prices Down 600 Points This Week

in Blog, commodity trading, feeder cattle futures, futures trading, Lean hog futures, live cattle futures, livestock futures, Mike Seery, milk futures, seeryfutures

Live Cattle Futures--- Live cattle futures in the October contract settled last Friday in Chicago at 114.10 while currently trading at 108.00 down about 600 points for the trading week as I have written about in previous blogs I was looking to sell this market several days ago, however I was unable to get executed as I'm currently sitting on the sidelines kicking myself as I still think there is room to run to the downside.

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11 Aug

Stay Short The U.S Dollar

in Blog

U.S Dollar Index Futures--- The U.S dollar in the September contract settled last Friday in New York at 93.41 while currently trading at 93.04 down about 37 points for the trading week as I have been recommending a bearish position from around the 93.40 level if you took the trade the chart structure is outstanding so continue to place the stop loss above the 10 day high at 93.77 as this trend clearly is to the downside.

 

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11 Aug

What Happened To The Sugar Market ?

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

Sugar Futures--- Sugar futures in the October contract have now traded lower for the 9th consecutive trading session as I was recommending a bullish position with the combined average price of around 14.25 getting stopped out earlier in the week around the 13.72 level as this market has completely fallen out of bed & is now currently trading at 13.20 after settling last Friday in New York at 14.14 as that is why you must have an exit strategy because cl

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11 Aug

Soybeans Lower On Bearish USDA Crop Report

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 settled last Friday in Chicago at 9.56 a bushel while currently trading at 9.43 down about $0.13 for the trading week and finishing over $0.30 lower in yesterday's trade due to the fact that the USDA announced that the United States is producing 49.4 bushels per acre which could produce nearly 4.4 billion bushels which is another outstanding crop surprising estimates.

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11 Aug

Are Copper Prices Going Even Higher ?

in Blog

Copper Futures--- Copper futures in the September contract settled last Friday in New York at 2.8850 a pound while currently trading at 2.9120 up nearly 300 points for the trading week as I have been recommending a bullish position for several weeks from around the 2.71 level and if you took the trade place the stop loss which has been raised to 2.86 as the chart structure will not improve for another 3 trading sessions so you are you going to have to acce

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11 Aug

Coffee Prices Unchanged For Trading Week

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

Coffee Futures---Coffee prices in the September contract settled last Friday in New York at 140.15 a pound while currently trading at 140.50 basically unchanged for the week as I have been recommending a bullish position from the 132 level and if you took that trade the 10 day stop has now been raised to today's low of 136.85 as the chart structure is outstanding at the present time.

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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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