Blogs

25 Nov

Warm Weather Sends Natural Gas Sharply Lower

in Blog, commodity consulting, commodity trading, crude oil futures, futures trading, heating oil futures, natural gas futures, option trading, seeryfutures, unleaded gasoline futures

Natural Gas Futures--- Natural gas prices in the January contract traded lower for the 4th consecutive session ending the week on a sour note hitting a 1 year low after settling last Friday in New York at 3.19 while currently trading at 2.91 down 28 points for the trading week all blamed on extremely warm weather in the Midwestern part of the United States therefore hurting demand.

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25 Nov

Silver Prices Lower Despite Weak U.S 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 December contract settled last Friday in New York at 17.37 an ounce while currently trading at 16.99 down about $0.38 for the trading week as I have been recommending a bullish position from around the 17.30 level & if you took the trade continue to place the stop loss under the 10 day low which now stands at 16.82 as the chart structure is outstanding at the present time.

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24 Nov

Cotton Prices Sharply Higher This Week

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

Cotton Futures--- Cotton futures in the March contract is trading higher for the 2nd consecutive session up another 80 points at 71.93 after settling last Friday in New York at 69.35 up about 260 points for the trading week as I've been recommending a bullish position from around the 70.50 level & if you took the trade continue to place the stop loss under the 10 day low which remains at 68.62 for the next 4 trading days.

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24 Nov

Soybean Meal Prices Hit A 5 Week High

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

Soy meal Futures---Soybean meal futures in the January contract settled last Friday in Chicago at 320 while currently trading at 326 a ton up about 600 points for the trading week right near a 5 week high as I'm not involved in this market, but I will be looking at a bullish position once the chart structure improves as the 10 day low stands at 311 as the risk is around $1,500 at the present time which is too much in my opinion for this commodi

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24 Nov

Gold Prices Lower 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 1,296 while currently trading at 1,287 down about $9 dollars for the trading week as I've recommended a bullish position from around the 1,292 level and if you took the trade place to stop loss under the 10 day low standing at 1,269 as the chart structure remains excellent at the present time.

24 Nov

Sugar Prices Near 4 Month High

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

Sugar Futures--- Sugar prices are trading higher for the 2nd consecutive session in the March contract currently trading at 15.45 a pound after settling last Friday in New York at 15.37 up slightly for the trading week continuing its bullish momentum right near a 4 month high.

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24 Nov

What Is Chart Structure ?--Look At Wheat Chart

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

What Is Chart Structure & Why Is It Important ? I define chart structure as a slow grinding up or down trend with low volatility and no chart gaps. Many of the great trends that develop have very good chart structure with many low percentage daily moves over a course of at least 4 weeks thus allowing you to enter a market allowing you to place a stop loss relatively close due to small moves thus reducing risk.

24 Nov

Crude Oil Hits Contract Highs Again

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 January contract settled last Friday in New York at 56.71 a barrel while currently trading at 58.74 up over $2 for the trading week right near a 2 ½ year high as I have been recommending a bullish position originally from around the 53.15 level and if you took the trade continue to place the stop loss at 55.00 as the chart structure will improve 2 days from now.

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24 Nov

Excellent Chart Structure In Wheat

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

Wheat Futures---Wheat futures in the March contract settled last Friday in Chicago at 4.43 a bushel while currently trading at 4.38 down slightly for the trading week still stuck in a tight 4 week consolidation as I'm currently not involved, but I will be looking at a bullish position if prices break 4.50 while then placing the stop loss under the contract low which was hit on October 31st at 4.33 risking around $0.17 or $850 per contract plus slippage

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24 Nov

S&P 500 Breaks 2600 !

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 7 points on this Black Friday continuing its bullish momentum which does not surprise me as the holiday markets are generally very bullish prices as I see this trend continuing throughout the Christmas holiday in the month of December so continue to stay long while placing the proper stop loss as a top has not been created in my opinion.

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