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12 Jan

Are Cocoa Prices Going Higher ?

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

Cocoa Futures--- Cocoa futures in the March contract is currently trading at 1909 after settling last Friday in New York at 1895 up slightly for the week as I've been talking about a bullish trade if prices broke 1953 on a closing basis as we traded above that level twice this week, but was unable to close above that breakout level.

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12 Jan

Silver Prices Look To Move Higher

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 March contract is trading at 17.17 an ounce after settling last Friday in New York at 17.28 down slightly for the trading week still consolidating the recent run-up in prices over the last couple of weeks as volatility still remains surprisingly low.

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12 Jan

Gold Prices Near A 4 Month High

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 February contract settled last Friday in New York at 1,322 an ounce while currently trading at 1,333 up about $11 for the trading week right near a 4 month high as I'm currently not involved in any of the precious metals as they have rebounded sharply over the last month.

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11 Jan

Mike Seery's Daily Commodity Report 1-11-18

in Blog, commodity consulting, commodity trading, corn, 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

Natural Gas Futures---Natural gas futures in the February contract are up 10 points at 3.00 looking to retest the January 2nd high of 3.10 as cooler weather is forecast next week supporting prices here in the short term.

11 Jan

Wheat Prices Await USDA Crop Report

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 finished down 1 cent at 4.33 a bushel still experiencing extremely low volatility as traders are awaiting tomorrow's crop report as private estimates expect all winter wheat area are around 30.65 million acres.

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11 Jan

Sugar Lower 7th Day In A Row

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

Sugar Futures--- Sugar futures in the March contract have now traded lower for the last 7 consecutive sessions remaining in an extremely choppy pattern as I am not currently involved in this market as I am advising clients to avoid this commodity at the present time.

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11 Jan

Walmart News Sends Stocks To New Highs

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 March contract hit another all-time high in today's trade up another 9 points at 2759 continuing this remarkable run as Walmart announced today that they are raising the minimum wage from $9 to $11 while also giving a bonus to 1 million workers as that now totals 2 million workers since the tax cuts have been announced receiving a bonus as that is good for the U.S economy.

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11 Jan

I Remain Bearish The 10 Year Note

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

10 Year Note Futures---The 10 year note in the March contract is trading lower by 2 points at 122/30 as I've been recommending a bearish position over the last month from around the 123/24 level and then recommending another short position when prices broke the 123/12 level a couple of days back & if you took those trades continue to place the stop loss above the 10 day high at 124/02, however the chart structure will start to improve in tomorrow

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11 Jan

Cotton Prices Up 250 Points Hitting New Highs

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

Cotton Futures--- Cotton futures in the March contract are sharply higher this Thursday in New York up another 250 points at 82.15 anticipating a highly bullish USDA crop report which comes out tomorrow afternoon as we have now traded higher for the 4th consecutive trading session.

11 Jan

What Is A Triple Bottom ? Look At Oats

in Bitcoin, 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. The third bounce off the support is an indication that buying interest (demand) is outweighing selling interest (supply) and that the trend is in the process of reversing.

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