Tag: Futures Trading

Weekly Futures Recap With Mike Seery

Posted on 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 April contract is now trading above its 20-day but still below its 100-day telling you that the short-term trend is mixed as I was recommending a short position getting stopped out around the $35 level taking a relatively small loss as prices are hovering right near a 4 week high. Crude oil prices settled in New York last Friday at 32.78 a barrel while currently trading at 34.75 up about $2 despite the fact of a the huge build in crude oil inventories which generally puts pressure on prices, but that may have already been factored into the price as all the bearish news is pretty much baked into the cake. Continue reading "Weekly Futures Recap With Mike Seery" →

Copper Update: Flying High!

Posted on by Aibek Burabayev

Aibek Burabayev - INO.com Contributor - Metals


We have experienced an interesting time recently; almost every commodity is volatile and that provides excellent trading opportunities. Last month I refreshed the copper chart to show the miscorrelation of the two assets and, this time, we can see positive changes in the correlation.

Chart 1. Copper-Crude Oil Correlation: Distant But Synced

Daily Chart of the Copper-Crude Oil Correlation
Chart courtesy of tradingview.com

As you can see in the chart above, both commodities reversed to the upside on the 11th of February (highlighted with the blue dashed vertical line). Copper managed to shape a higher low and crude oil hit the previous low level, making a new multi-year low, I doubt that we have seen the bottom yet.

Oil won back some disparity, but the gap is still broad and the overall move is flimsy with many zigzags on the graph line. Usually, “black gold” catches up with copper in a few large throws. Copper was less lucky and advanced only 6% compared to the 11% gain of crude. Continue reading "Copper Update: Flying High!" →

Weekly Futures Recap With Mike Seery

Posted on 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 April contract settled last Friday in New York at 31.75 a barrel while currently trading at 33.90 near a 3 week high as I’m sitting on the sidelines in this market at the current time. In last week’s blog, I was looking to short this market, but I decided against that as a short term bottom has taken place as prices are now trading above their 20 but still below their 100-day moving average as it looks like a bottoming formation is at hand. The S&P 500 has exploded in the last week helping support crude oil prices as it certainly looks like the worldwide nervousness is finished at least for now so look for higher prices ahead, however the chart structure is poor as the 10 day low is too far away as the risk/reward is not in your favor so look at other markets with better potential. This market has been extremely choppy over the last month or so as oversupply issues continue to keep a lid on prices and I think that will remain over the next several months as production cuts are needed therefore decreasing supply as demand still remains relatively high especially at these cheap levels. At the current time, Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on 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 April contract settled last Friday at 31.91 a barrel while currently trading at 32.00 basically unchanged for the trading week with a possible double bottom being created around $29 the level occurring. Crude oil prices are still trading below their 20 and 100 day moving average telling you that the short-term trend is to the downside as the long-term trend is also to the downside despite the fact that several countries decided to freeze production this week, but that still leaves production at record levels as investors found that as another negative situation. The volatility in crude oil is extremely high at the current time as I’m looking to possibly enter into a short position on any type of rally as the chart structure has improved tremendously, therefore, lowering monetary risk, but at this point I’m sitting on the sidelines waiting for an opportunity which could develop any day. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on 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 are trading below their 20 and 100-day moving average hitting a contract and multi-year low in Thursday’s trade before rallying this Friday currently trading at 28.10 a barrel up nearly $2 on massive short covering ending the week. Crude oil futures traded as low as 26.05 in Thursday’s trade only to rally, but this market certainly remains weak, but at the current time on sitting on the sidelines as the risk does not meet my criteria as the chart structure is very poor presently. As a trader you must think about probabilities of success and at the current time I’m only focused on the soft commodities as they have very tight chart structure with solid trends to the downside as crude oil remains choppy down these levels as the easy money to the downside has already been made in my opinion. Continue reading "Weekly Futures Recap With Mike Seery" →