Tag: Futures Trading

Weekly Futures Recap With Mike Seery

Posted on March 10, 2017March 10, 2017 by The INO.com Team

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 1,226 an ounce while currently trading at 1,204 continuing its bearish momentum right near a 6-week low as the precious metals continue to move lower on a daily basis due to a strong U.S dollar. At the current time I have no trade recommendations in the precious metal sector as it looks to me that gold might even possibly retest the contract low around 1,150, but avoid this market at present & look at other trades that are beginning to trend with a better risk/reward scenario. Gold prices are now trading under their 20 and 100-day moving average telling you that the short-term trend is lower as crude oil prices have also broken out of a tight consolidation which is another negative towards all commodity prices in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on March 3, 2017March 3, 2017 by The INO.com Team

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 is trading lower for the 4th consecutive trading session after settling last Friday in New York at 1,258 an ounce while currently trading at 1,224 down about $35 for the trading week as I was not involved in the gold market, however I was involved in platinum, silver, and the copper market as gold prices pushed the whole complex to recent lows. Gold prices are now trading below their 20 and 100-day moving average telling you that the short-term trend is lower as I've been involved in the precious metals for the last 2 months getting stopped out this week across the board except in copper which is still hanging in there by the skin of our teeth which was very disappointing in my opinion as the U.S dollar continues to put pressure on commodities. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on February 24, 2017February 24, 2017 by The INO.com Team

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 1,239 an ounce while currently trading at 1,258 up about $19 for the trading week with the highest prices that we have seen since November 11th as the bullish momentum continues. At present, I am not involved in gold, but I do believe prices are going higher as I'm already involved in silver, copper, and platinum as I don't want to be too top-heavy because they all follow one another. Gold prices are trading above their 20 and 100-day moving average telling you the short-term trend is higher as I do believe prices will retest the $1,300 level which is where gold was trading at the U.S election. If you are long a futures contract, I would place your stop loss under the 10-day low which stands at $1,217 as prices broke out in Thursday's trade as there is a lot of demand for gold & the precious metals so continue to play this to the upside in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on February 17, 2017February 17, 2017 by The INO.com Team

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 1,235 an ounce while currently trading at 1,244 right near a 3 month high as I'm currently sitting on the sidelines as I'm involved in all the other precious metals as you don't want to be too overloaded on one side as that can be dangerous if things fall apart. I am certainly not recommending any type of short position as I do think prices are headed higher & if you do have a futures position on I would place my stop under the 10-day low standing at 1,217 which is about $30 away or $3,000 risk per contract plus slippage & commission. Gold prices are trading above their 20, and 100-day moving average telling you that the short-term trend is higher as the next major level of resistance was hit on February 8th at 1,246, and if that is broken, I think prices will head back up to the 1,300 level where prices were trading right when Trump was elected. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on February 10, 2017February 10, 2017 by The INO.com Team

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 March contract settled last Friday at 53.83 a barrel while currently trading at 53.70 basically unchanged as I'm looking for a breakout above 54.34 for a bullish position to the upside as prices have gone nowhere over the last 2 months. Oil in Wednesday's trade hit a 9 week low creating a false breakout to the downside before rallying & finished higher on the trading session as prices have now traded up for the last 3 consecutive days so keep a close eye on this market as I still think higher prices are ahead. OPEC continues to hint that they might cut production in 2017 as they would like to see prices between $65/$75 a barrel and I think they will use their power to enhance prices as we are still trading above the 20 & 100-day moving average telling you that the short-term trend is higher. The chart structure will start to improve later next week as a breakout is looming in my opinion as we are just not going to trade sideways forever as the commodity markets still look bullish in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →