Mike Seery's blog

13 Dec

Here Are My Hog Thoughts

in Blog, commodity trading, feeder cattle futures, futures trading, Lean hog futures, live cattle futures, livestock futures, Mike Seery, milk futures, seeryfutures

Lean Hog Futures---Lean hog futures in the June contract is currently trading unchanged at 81.57 as I am not currently involved in this market, however I'm looking at a possible short position in next week's trade as prices are right near a 3 week low as prices topped out on December 4th at 84.40 & has been slowly declining since that peak.

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13 Dec

Was That A Spike Bottom In Natural Gas ?

in Blog, commodity consulting, commodity trading, crude oil futures, futures trading, heating oil futures, natural gas futures, option trading, seeryfutures, unleaded gasoline futures

Natural Gas Futures---Natural gas futures in the January contract hit a fresh yearly low earlier in the trading session at 2.66 only then to rebound while currently trading at 2.73 as I am keeping a close eye on a possible spike bottom occurring in today's trade as cold temperatures have arrived in the Midwestern part of the United States.

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13 Dec

Orange Juice Lower 6th Day In A Row

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Orange Juice Futures---Orange juice futures in the January contract are trading lower for the 6th consecutive session down another 130 points at 148.65 as I have been talking about this commodity over the last several weeks with a bearish bias as prices have now broken major support that was touched in October around the 150 level as I still think lower prices are ahead.

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12 Dec

Mike Seery's Daily Commodity Report 12-12-17

in Bitcoin, Blog, Bonds, commodities, commodity consulting, commodity trading, corn, currencies, dow jones futures, futures, futures trading, heating oil futures, Mike Seery, NASDAQ 100 futures, natural gas futures, oats, option trading Crude oil futures, option trading S&P 500, seeryfutures, soybean meal, soybean oil, soybeans, unleaded gasoline futures, wheat

Bitcoin Futures---Bitcoin futures in the January contract are currently down 85 points at 18,460 as this is a new contract that began in yesterday's trade as I will not give any recommendations at this point as we need to have some type of chart pattern to develop which will take several more weeks to occur as the volatility in this cyber currency is extremely high as that's what you're looking for as a trader so we will make this an active part

12 Dec

The Trend In The 10 Year Note Is Bearish

in Bitcoin, Blog, Bonds, commodities, currencies, futures trading, Mike Seery

10 Year Notes---The 10 year note in the March contract finished lower by 4 ticks at 124/05 continuing its bearish momentum to the downside as I have written about this market for quite some time & if we close under the 124 level I will be initiating a short position while placing the stop loss above the 10 day high standing at 124/27 risking around $1,000 per contract plus slippage & commission.

12 Dec

Next Level In Corn Is 3.25

in Blog, commodity consulting, commodity trading, corn, futures, Mike Seery, oats, option trading, seeryfutures, soybean meal, soybean oil, soybeans, wheat

Corn Futures--- Corn futures in the March contract are trading lower by 1 cent at 3.47 a bushel hitting another fresh contract low as this market has absolutely no fundamental news to push prices to the upside at this point in my opinion as I'm currently sitting on the sidelines, but I'm certainly not recommending any type of bullish position as the grain market is incredibly weak.

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12 Dec

Cotton Prices Neutral Off Crop Report

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Cotton Futures--- Cotton futures in the March contract are currently trading up 10 points at 73.10 reacting neutral to the USDA crop report which raised exports and lowered ending stocks, but that has already been reflected into the price as cotton has had a hard time breaking the 74 level as it was attempted earlier in the session, but now is selling off towards the closing bell.

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12 Dec

TRADING THEORY ----What Is The RSI Oscillator ?

in Bitcoin, Blog, Bonds, commodities, currencies, futures trading, Mike Seery

TRADING THEORY ----What Is The RSI Oscillator ? ---The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level and could mean that its getting overvalued and is a good candidate for a short term pullback.

12 Dec

Have Lumber Prices Topped Out ?

in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Lumber Futures--- Lumber futures in the January contract are currently trading down 300 points at 426.80 as I have been recommending a bearish position from around the 426 level & if you took the trade the stop loss remains the same at 439 as traders are awaiting tomorrow's FOMC meeting on interest rates which will send high volatility into this market.

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12 Dec

Gold Prices Continue Bearish Trend

in Blog, commodity trading, copper futures, futures trading, gold futures, Mike Seery, palladium futures, platinum futures, seeryfutures, silver futures

Gold Futures--- Gold futures in the February contract are trading lower for the 4th consecutive session down another $4 at 1,242 an ounce continuing its bearish momentum as traders are awaiting tomorrow's FOMC meeting as they look to raise interest rates as speculation also is that they might raise interest rates 3 times in 2018 as that is a bearish fundamental indicator towards gold and the precious metals as that is why you have seen selling across the

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Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

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