Blogs

06 Oct

Dryness In Brazil Supporting Soybean Prices

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 have traded higher for the 3rd consecutive session currently at 9.73 a bushel after settling last Friday in Chicago at 9.68 up 5 cents for the trading week as I have been recommending a bullish position from around the 9.85 level & if you took the trade continue to place the stop loss at 9.55 on a closing basis as we been close on several occasions of being stopped out.

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06 Oct

Wheat Prices At Critical Level

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 December contract settled last Friday in Chicago at 4.48 a bushel while currently trading at 4.43 down about 5 cents for the trading week as I have been recommending a bullish position over the last month around the 4.50 level and if you took the trade continue to place the stop loss at 4.39 on closing basis as the chart structure is outstanding due to the extremely low volatility which is shocking in my opinion.

06 Oct

I Remain Bullish Soybean Meal Prices

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

Soybean Meal Futures---Soybean meal futures in the December contract settled last Friday in Chicago at 315 a ton while currently trading at 318 up 300 points for the trading week holding major support around 310 and if you took the original trade from the 313 level continue to place the stop loss under the 10 day low at 309.70 as the chart structure will not improve for another 8 trading sessions so you're going to have to accept the small mone

06 Oct

Crude Oil Sharply Lower This Week

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 are down $1.53 a barrel currently trading at 49.28 as I have been recommending a mini contract from around the $51 level and if you took the trade place the stop loss on a closing basis at 49.76 as there is a high probability that we will be out of this trade this afternoon.

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06 Oct

How High Is The Stock Market Going ?

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 breaking a 7 day winning streak down 6 points this Friday afternoon in Chicago after settling last Friday at 2516 while currently trading at 2544 up about 28 points for the trading week continuing its record-breaking streak to the upside as I'm certainly bullish the entire equity market.

06 Oct

What Is A Triple Bottom Chart Pattern ?

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

What Is A Triple Bottom Chart Pattern ? A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of commoditiy creates 3 sell offs at nearly the same price level.

06 Oct

Hog Prices Near 7 Week High

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

Lean Hog Futures---Lean hog futures in the December contract settled last Friday in Chicago at 59.95 while currently trading at 62.50 up about 230 points for the trading week right near a 7 week high as I am not involved in the livestock sector at the present time as the chart structure is very poor & the monetary risk is too high at this time.

06 Oct

Will La Nina Push Up Coffee Prices ?

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

Coffee Futures--- Coffee futures are trading higher for the 2nd consecutive trading session up 180 points at 129.00 a pound after settling last Friday in New York at 128.05 up about 100 points for the week still right near a 14 week low as I am not involved in this market, however I'm still looking for a possible bullish position as I will not go short as I think we are right near the bottom.

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06 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 settled last Friday in New York at 14.10 a pound while currently trading at 13.94 down about 15 points for the week right near major support at 13.70 as I'm sitting on the sidelines waiting for another trend to develop his prices remain in a choppy to sideways pattern at the present time.

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06 Oct

Strong Dollar Puts Pressure On Silver

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 16.46 an ounce after settling last Friday in New York at 16.67 down about $0.20 for the trading week right near a 2 month low as it continues to ride the coattails of gold to the downside here is a short term.

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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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