Blogs

12 Oct

Great Trading Theory

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

This next rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from.

 

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12 Oct

How Low Is The Mexican Peso Going ?

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

Mexican Peso Futures--- The Mexican Peso in the December contract has now traded lower 6 out of the last 7 trading sessions down only 12 points this Thursday afternoon at 5274 as I recommended a bearish position from around the 5421 area if you took the trade continue to place the stop loss above the 10 day high which now stands at 5446 as the chart structure will start to improve in next week's trade even more lowering the monetary risk.

12 Oct

Soybean Prices Sharply Higher Off 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 are sharply higher this Thursday afternoon in Chicago reacting very positively to the USDA crop report sending prices up $0.26 at 9.92 a bushel as I've been recommending a bullish trade over the last 3 weeks from the 9.85 level which has now finally turned into a positive situation & if you took the trade continue to place the stop loss at 9.55 as the chart structure will not improve for

12 Oct

Soymeal Prices Hit 10 Week Highs

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

Soymeal Meal Futures--- Soybean meal futures in the December contract are currently up 800 points at 323 reacting positively to the USDA crop report which was released this afternoon as I have been recommending a bullish position from the 313 level recommending more positions like I talked about in previous blogs around the 321 level while now placing the stop loss under the 10 day low which stands at 309.80 as the risk on both positions is around

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11 Oct

Mike Seery's Daily Commodity Report 10-11-17

in Blog, Bonds, commodity consulting, commodity consulting commodities, commodity trading, corn, currencies, dow jones futures, futures, futures trading, heating oil futures, Mike Seery, NASDAQ 100 futures, natural gas futures, oats, option trading Crude oil futures, option trading S&P 500, seeryfutures, soybean meal, soybean oil, soybeans, unleaded gasoline futures, wheat

S&P 500 Futures--- The S&P 500 in the December contract is currently trading lower by 3 points at 2546 after hitting another all-time high in yesterdays trade & if your long a futures contract place the stop loss which now has been raised to 2504 as that will continue to climb on a daily basis as the chart structure will improve tremendously as the volatility still remains relatively low.

11 Oct

Copper Prices Look To Move Higher

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 are trading higher for the 3rd consecutive session up another 350 points trading at 3.0955 a pound hitting a 4 week high as the bullish trend continues to the upside in my opinion, however I'm not involved in this commodity as the 10 day low stands at 2.9260 risking around $4,300 per contract plus slippage & commission which is too high at the present time.

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11 Oct

Cocoa Prices Break Critical Resistance

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 sharply higher this Wednesday afternoon in New York up for the 2nd consecutive session currently trading at 2113 up 66 points as I have been recommending a bullish position from the 2010 level while placing the stop loss under the 10 day low standing at 1968, however in Friday's trade that will be raised to 1984 as the chart structure will start improving on a daily basis.

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11 Oct

Large Funds Are Short Corn

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 are trading slightly lower for the 3rd consecutive session down 2 cents at 3.47 a bushel as traders are awaiting tomorrow's crop report with estimates of around 14.2 billion being produced in 2017 with an average of 170 bushels per acre as this market still remains on the defensive in my opinion.

11 Oct

Coffee Breaks 4 Day Winning Streak

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 breaking a 4 day winning streak currently trading lower by 280 points at 128.15 a pound continuing its choppy trend as I'm currently not involved as I'm still looking at a possible bullish position in the weeks ahead as I do think we are in the bottoming process.

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11 Oct

How Can You Use Moving Averages To Your Advantage?

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

How Can You Use Moving Averages To Your Advantage? A simple moving average is calculated by adding the closing price of a commodity such as crude oil for a number of time periods and then dividing this total by the number of time periods. Short-term averages respond quickly to changes in the price of the underlying commodity, while long-term averages are slower to react.

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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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