Blogs

13 Oct

Was A Double Bottom Formed In Corn ?

in Blog

Corn Futures--- Corn futures in the December contract settled last Friday in Chicago at 3.50 bushel while currently trading at 3.53 up slightly for the week creating a possible double bottom in yesterday's trade as prices hit a fresh contract low around 3.42 before reversing then ending higher for the day as I will now keep a close eye on a possible bullish position in next weeks trade.

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13 Oct

How High Can Soybean Prices Go ?

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 which is currently being harvested in the Midwestern part of the United States and is considered the new crop settled last Friday in Chicago at 9.72 while currently trading at 10.02 hitting a 10 week high continuing with its bullish momentum to the upside.

13 Oct

The Mexican Peso Looks To Head Even Lower

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

Mexican Peso Futures--- The Mexican Peso is ending the week on a sour note down 50 points at 5216 after settling last Friday at 5331 as I have been recommending a bearish position from around the 5421 level & if you took the trade continue to place the stop loss above the 2 week high of 5446 as the chart structure is poor at the present time as prices are dropping rather precipitously.

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13 Oct

Excellent Chart Structure In Cocoa

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 currently trading at 2086 basically unchanged for the trading week as I have been recommending a bullish position from the 2010 level and if you took the trade continue to place the stop loss which has now been raised to 1999 as the chart structure is outstanding at the present time as I will be looking at adding more contracts in Monday's trade to the upside.

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13 Oct

Are Sugar Prices Bottoming ?

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

Sugar Futures--- Sugar futures in the March contract are currently trading at 14.37 a pound after settling in New York last Friday at 13.98 up about 40 points for the trading week still stuck in a 3 week consolidation as I still think we are right near major support on the daily chart.

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13 Oct

Keep Watching Coffee !

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

Coffee Futures--- Coffee futures in New York settled last week at 130.00 a pound while currently trading at 126.50 down about 350 points for the trading week right at major support levels in my opinion as I'm currently not involved in this market as it remains choppy.

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13 Oct

I Am Bullish Copper Prices

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 settled last Friday at 3.03 a pound while currently trading at 3.1230 up about 900 points for the trading week continuing its bullish momentum as I'm not currently involved, but I am bullish prices as I am waiting for the chart structure and the risk/reward to be in your favor as I'm looking for some type of price retracement before entering into a bullish position.

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13 Oct

Have Silver Prices Bottomed ?

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 December contract is currently trading at 17.35 an ounce after settling last Friday in New York at 16.79 up about $0.55 for the trading week right near a 4 week high, however the trend does remain very choppy despite the fact that prices are trading above their 20 and 100 day moving average as I'm advising clients to avoid silver at the current time.

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13 Oct

Gold Prices Up $30 For Trading Week

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 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.

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12 Oct

Chart Structure In The S&P 500 Is Improving

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 down 1 point at 2552 in a very quiet nonvolatile trading manner this Thursday afternoon in Chicago after hitting all-time highs in yesterdays session and if you're long a futures contract the 10 day low has been raised to 2517 as it will start to improve every single day next week therefore lowering the monetary risk as the chart structure will become outstanding.

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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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