Tag: gold futures

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.

10-Year Note Futures

The 10 year note in the June contract settled last Thursday in Chicago at 129 7/32 while currently trading at 130 12/32 trading higher 4 out of the last 5 trading sessions as I’ve been recommending a bullish position from around 129/25 as I think interest rates in the United States are going lower which is an amazing thing to state. Worldwide interest rates in many different countries have gone negative which is the first time in history that has happened as I think the world is chasing interest rates and at 1.77% the U.S still looks expensive in my opinion so play this to the upside as I’m looking to add more contracts once the chart structure improves, therefore, lowering monetary risk. If you took the original recommendation place your stop loss below the 10 day low which currently stands 128/20/30 as the chart structure will not improve for another 4 days as you will have to be patient with the monetary risk as I think prices will retest last month’s high around 132/16 as the bullish trend remains intact in my opinion. 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 in New York at 38.50 a barrel while currently trading 40.65 up over $2 for the trading week now trading above its 20 and 100-day moving average for the first time in 6 months. The selloff in the U.S dollar has pushed up oil prices tremendously over the last several weeks. Oil prices are trading higher for the 3rd consecutive day; however this rally has been based on very low volume which is a little concerning as I'm sitting on the sidelines in this market as I have missed the rally to the upside. The U.S dollar has hit a 6 month low and that has propped up many commodity prices and especially crude oil as gasoline and heating oil also have rallied substantially. You will notice this at your local gas station as you are paying much more than you were just three or four weeks ago as the tide has turned in the commodity markets. Rumors are circulating that Saudi Arabia is going to urge OPEC to start cutting production, therefore, pushing up prices even higher as their economy is struggling due to low prices. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by admin

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been a 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 35.92 while currently trading at 38.90 a barrel up around $3 for the trading week continuing its bullish momentum as prices have now hit a 9 week high. Crude is trading above its 20 day but right at its 100 day moving average as the trend is still relatively mixed in my opinion as the commodity markets in general have all bottomed out as volatility certainly has come back into the currency market pushing the commodity markets like a yo-yo in recent weeks. 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 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" →

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" →