Tag: Futures Trading

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the May contract are up 27 cents at 18.55 an ounce trading higher for the 3rd consecutive trading session breaking major resistance as I will be recommending a bullish position if prices close above 18.50 while then placing the stop loss under the 10-day low which was also Monday's low around 17.73 risking around $800 per mini contract plus slippage and commission. The chart structure is relatively solid at present as the next major level of resistance is last November's high around $19 an ounce as gold and silver prices have broken out to the upside. The 10 year note is significantly higher once again hitting a 6 month high as interest rates have been heading lower in recent weeks, and that is bullish the precious metals and commodities in general as there seems to be what they call a flight to quality which affects the bond and precious metals market as investors park their money as a so-called safe haven. Silver prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher so let's look at playing this to the upside as the risk/reward are in your favor in my opinion.
TREND: HIGHER
CHART STRUCTURE: SOLID

Continue reading "Weekly Futures Recap With Mike Seery" →

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the May contract settled last Friday at 50.60 a barrel while currently trading at 52.10 up about $1.50 for the trading week spiking higher in today's action due to the bombing in the country of Syria sending the precious metals and energies higher. Syria is not a major player in oil as I had witnessed this before in 2013 as prices rallied sharply off of Syria using chemical weapons on their own people only then to sell off sharply in the weeks ahead, so I'm not convinced about this rally as I'm currently sitting on the sidelines. The chart structure in crude oil is poor at present as prices are at a 4 week high while trading above their 20 and 100-day moving average telling you the short-term trend is higher. However, the risk/reward is not in your favor so that I will look at other markets with a better monetary scenario. Crude oil prices have rallied about $5 over the last 2 weeks as this market really has gone nowhere over the last 6 months as oversupply issues continue to keep prices at bay.
TREND: HIGHER
CHART STRUCTURE: POOR
Continue reading "Weekly Futures Recap With Mike Seery" →

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the June contract settled last Friday at 1,251 an ounce while currently trading at 1,247 in a very nonvolatile trading week right near major resistance as prices are still trading above their 20 and 100-day moving average telling you the short-term trend is higher. At present, I am not, involved in the precious metals as the U.S dollar continues to flip-flop which had made the commodity markets basically go sideways over the last several months. For the gold rally to continue in my opinion prices, have to break major resistance around 1,268 which is still about $20 away as the U.S stock market continues to hover near all-time highs which generally is a negative towards gold prices. Gold prices bottomed out last month around the 1,200 level as that's when the Federal Reserve stated that they might slow down on raising interest rates sending prices back up towards the upper end of the trading range, however prices still remain choppy over the last several months so wait for a true trend to develop as there are very few markets that have strong trends at the current time.
TREND: MIXED - HIGHER
CHART STRUCTURE: IMPROVING

Continue reading "Weekly Futures Recap With Mike Seery" →

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,230 while currently trading at 1,245 as I was recommending a short position and stopped out early in the week taking a very small loss as the momentum continues to the upside due to the fact that the U.S dollar is now near a 7 week low pushing up the precious metals in the last couple of weeks. At present, I'm sitting on the sidelines waiting for a trend to occur as prices are now trading above their 20 and 100-day moving average looking to retest the February 27th high of 1,265 & if that is broken you have to think prices would continue to move higher. The main catapult was the fact that the Federal Reserve stated that they will slow down on interest rate hikes sending gold prices from 1,200 up to today's price levels, but this market remains choppy in my opinion as the risk/reward is not in your favor as there are very few trends at present. The Obama care replacement has caught a couple of snacks also sending the stock market lower this week and gold prices higher, however, I still believe that will be resolved as money flows have been entering the bonds and gold this week. Continue reading "Weekly Futures Recap With Mike Seery" →

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,201 an ounce while currently trading at 1,229 up about $28 for the trading week all based off of the Federal Reserve raising interest rates. However, stating that they will take precaution down the road sending many commodities higher while sending the U.S dollar sharply lower. At present I'm now recommending a short position from the 1,229 level and if you take that trade place your stop loss above the 10-day high which stands at 1,237 risking around $250 per mini contract or $800 on the large contract plus slippage and commission as the risk/reward are highly in your favor as the chart structure is outstanding. Gold prices hit a 6 week low earlier this week telling you that the short-term trend is lower as prices are trading right at their 20 & 100-day moving average with major support around the 1,200 level & if that is broken the bearish trend should continue in my opinion so take a shot at the short side as the monetary risk is low.
TREND: LOWER
CHART STRUCTURE: EXCELLENT Continue reading "Weekly Futures Recap With Mike Seery" →