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.

Copper Futures

Copper futures in the December contract settled last Friday in New York at 216.80 a pound while currently trading lower once again at 2.0530 finishing down over 1100 points for the trading week as I’ve been recommending a short position from the 2.31/2.32 level and if you took that trade continue to place your stop loss above the 10 day high which currently stands at 2.2420 as the chart structure will start to improve on a daily basis. Copper prices have absolutely collapsed finishing down 12 of the last 13 trading sessions trading far below its 20 and 100 day moving average hitting a 6 year low as I think prices will crack 2.00 in next week’s trade as there is very little demand for this commodity at the current time so remain short and accept the risk parameter’s. 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.

Copper Futures

Copper futures in the December contract are trading lower for the 8th consecutive trading session currently trading at 2.17 a pound after settling last Friday in New York at 2.24 as I've been recommending a short position from around the 2.31 level and if you took that trade continue to place your stop loss above the 10 day high which is at 2.36 as the chart structure will start to improve in next week’s trade. Prices are trading far below their 20 and 100 day moving average hitting a 6 year low as there is very little demand for this product as oversupply issues keep hampering prices to the downside as I think 2.00 is in the cards over the next week or two so continue to play this to the downside, however if you have missed this trade you have missed the boat as the risk is too high as the 10 day high is too far away so look at other markets that are beginning to trend. 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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,141 while currently trading at 1,087 an ounce down $17 this Friday afternoon all due to a very strong U.S dollar which is up over 100 points today on a positive monthly unemployment number which added 271,000 jobs sending many commodities lower. Gold prices are trading below their 20 and 100 day moving average telling you that the short-term trend is to the downside as prices hit a three week low; however the chart structure is terrible as prices have collapsed over the last couple weeks as I’m sitting on the sidelines waiting for the risk/reward to improve. 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 December contract are trading below its 20 and 100 day moving average hitting an eight week low in Tuesdays trade only to rebound in Wednesdays trade off of a bullish API report as prices remain choppy as I’m currently sitting on the sidelines just like I have been in many different markets as there are very few trends that are currently developing. Crude oil prices settled last Friday in New York at 44.60 while currently trading at 46.18 slightly higher for the trading week as the U.S dollar is at an eight week high putting pressure on many commodities especially the precious metals over the last several days, but it looks to me that crude oil prices are stabilizing around the mid-40 level. 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.

Gold Futures

Gold futures in the December contract settled in New York last Friday at 1,183 an ounce while currently trading at 1,161 down over $20 for the trading week despite the fact that China cut their interest rates by 25% and the ECB announced yesterday to add more stimulus in silver which is generally bullish gold prices are just the opposite is happening is the U.S dollar is up 200 points in the last two trading days putting pressure on many commodities. Gold prices are still trading above their 20 and 100 day moving average telling you that the short-term trend is to the upside, however all of the interest is back in the S&P 500 which is up over 60 points in the last two trading days as the technology sector has caught fire once again with Amazon, Google, and Microsoft all up sharply today as money flows are going back into the equities. Continue reading "Weekly Futures Recap With Mike Seery" →