Blogs

09 Oct

Mike Seery's Daily Commodity Report 10-9-17

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, oybeans, seeryfutures, soybean meal, soybean oil, unleaded gasoline futures, wheat

Corn Futures--- Corn futures in the December contract are unchanged this Columbus Day holiday at 3.50 a bushel as we've gone nowhere over the last 6 weeks with extremely low volatility as traders are awaiting Thursday's crop report with estimates around 14,171 billion bushels as harvest is in full swing in the Midwestern part of the United States as harvest is around 25% complete.

09 Oct

Soymeal Prices Wait For Crop Report

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

Soybean Meal Futures---Soymeal futures in the December contract are still hovering right near a 2 month high as trading is very thin on this Columbus Day holiday as prices are unchanged at the 319 level as I have been recommending a bullish position from the 313 level & if you took the trade continue to place the stop loss at 309.70 as the chart structure is outstanding due to the low volatility caused by harvest in the Midwestern part of the U

09 Oct

What Is The RSI Oscillator ?

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

TRADING THEORY ----What Is The RSI Oscillator ? ---The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level and could mean that its getting overvalued and is a good candidate for a short term pullback.

09 Oct

Mexican Peso Breaks Major Support

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

Mexican Peso Futures--- The Mexican Peso in the December contract is trading lower for the 4th consecutive session breaking major support at the 5300 level currently trading at 5297 as I have been recommending a bearish position from around the 5421 level and if you took the trade continue to place the stop loss above the 10 day high standing at at 5520 as the chart structure will start to improve on a daily basis.

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09 Oct

The Stock Market Keeps Going Higher !

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 up 2 points at 2547 right near all-time highs once again as the NASDAQ 100 is hitting all-time highs today as the equity markets continue their bullish momentum & if you're long a futures contract the stop loss has been raised to 2492 as the chart structure will start to improve on a daily basis therefore the monetary will be lowered every single day.

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09 Oct

Coffee Prices Up 3rd Day In A Row

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 is trading higher for the 3rd consecutive session up another 100 points at 131.00 a pound as I'm currently not involved in this market as prices remain very choppy, but I'm still itching at a bullish position once the chart structure improves & a better chart pattern develops.

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09 Oct

Are Cattle Prices Going Higher ?

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

Cattle Futures--- Cattle futures in the December contract are trading higher for the 3rd consecutive session up another 25 points at 117.15 right near a 3 month high looking to retest the September 22nd high of 117.72 and if you are short a futures contract that's where I would place the stop loss as an exit strategy as the momentum is turning higher.

09 Oct

Corn Traders Await Crop Report This Week

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 unchanged this Columbus Day holiday at 3.50 a bushel as we've gone nowhere over the last 6 weeks with extremely low volatility as traders are awaiting Thursday's crop report with estimates around 14,171 billion bushels as harvest is in full swing in the Midwestern part of the United States as harvest is around 25% complete.

Full text available to Mike's Coffee Shop Members only.

 

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06 Oct

Mike Seery's Limit Up Commodity Report 10-6-17

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

Gold Futures---Gold futures in the December contract settled last Friday in New York at 1,275 an ounce while currently trading at 1,264 down about $11 for the trading week reacting negatively to the fact that the U.S dollar is higher once again this Friday hitting a 6 week high putting pressure on silver and gold prices here in the short term.

06 Oct

Stay Short The Mexican Peso

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

Mexican Peso Futures--- The Mexican Peso is trading lower for the 3rd consecutive session currently at 5330 after settling last Friday at 5425 as I have been recommending a bearish position from that level & if you took the trade continue to place the stop loss above the 10 day high which now stands at 5520 as the chart structure will continue to improve in next week's trade.

Full text available to Mike's Coffee Shop Members only.

 

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