Tag: gold futures

Weekly Futures Recap With Mike Seery

Posted on May 15, 2015May 22, 2015 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 June contract are trading above their 20 and 100 day moving average as I’ve talked about in many previous blogs I’m sitting on the sidelines in this market but I do think prices have topped out around $62 which seems to be major resistance as prices settled last Friday at 59.37 while currently trading at 59.70 up slightly for the trading week. If you are currently long this market I would place my stop loss below the 10 day low which currently stands around 58.40 as Saudi Arabia this week stated that prices will never get to $100 again and actually said in the next decade prices could stay below $40 as the world is awash with crude oil at the current time. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on May 8, 2015May 8, 2015 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 June contract are trading below their 20 and 100 day moving average as I have been sitting on the sidelines for the last several months in this market but if have a long futures position I would continue place your stop loss above the 10 day low which stands at 56.00 however in my opinion I think prices have topped out. Strong demand and a very weak U.S dollar have pushed crude oil prices up from a contract low around $46 a barrel to around $63 in Wednesdays trade which has been a remarkable rally in my opinion but I think this market is overextended so I’m still going to remain sitting on the sidelines waiting for better chart structure to develop as this market will remain volatile for the rest of 2015 in my opinion giving you many trading opportunities. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on April 24, 2015April 24, 2015 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 June contract are closing down $18 this Friday afternoon to settle around 1,176 an ounce hitting a 5 week low as I’m now recommending a short position while placing your stop loss above the 10 day high which currently stands at 1,209 risking around $32 or $1,000 per mini contract plus slippage and commission as the chart structure is solid at the current time. Gold futures finished down about $25 for the trading week as all the action is back into the S&P 500 which is hitting all-time highs once again this Friday afternoon as money is coming out all precious metals and into the equity market and that trend is going to continue as I’m recommending a bullish position in the equities at the current time as well. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on April 17, 2015April 23, 2015 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 June contract are trading below their 20 day but barely over their 100 day moving average continuing its sideways pattern settling last Friday in New York at $1,204 an ounce while currently trading at the identical price unchanged for the trading week as the chart structure is starting to improve on a daily basis as prices have gone nowhere in recent weeks. The U.S dollar was down over 200 points for the trading week helping support the precious metals but the real breakout does not occur until prices break above $1,225 or on the downside around $1,180 as I do think a breakout is in the cards. The S&P 500 is down 25 points this Friday afternoon which generally sends money back into the precious metals, however in the old days gold would have reacted much more bullish than today’s trading action which has to be concerning if you are bullish as this market remains weak with no trend in sight so avoid as I want to look at other markets that are beginning to trend as choppy markets are extremely difficult to trade successfully. Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on April 10, 2015April 10, 2015 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 June contract are trading above their 20 but still below their 100 day moving average telling you that the trend is mixed as I’m currently sitting on the sidelines in this market after prices settled in New York last Friday at 1,201 while currently trading at 1,208 up about $7 for the trading week as prices filled the gap that was created in Monday’s trade as the true breakout will be around 1,224 to the upside. Continue reading "Weekly Futures Recap With Mike Seery" →