Blogs

06 Feb

Commodities & Stocks Start 2012 Strong

in Blog, commodities, S&P

The beginning of 2012 has brought nice returns in stocks and commodities in the early part of the year. This could be the year that rivals 2008 when commodity prices were at their all time highs. Look at unleaded gas, heating oil, soybeans, silver, and many other commodities that are starting to rally on the thought that QE3 is coming and the fact that the Fed is creating higher costs and lower yields as a strict  monetary policy.

06 Feb

Lumber Limit Up Again!

in Blog, lumber

Lumber futures continued to rally sharply again today trading up the $10 dollar limit to close around 272.20. I think this commodity has bottomed and should be bought on any dip that may occur. The economy is improving and that should support lumber prices.

06 Feb

Dollar Steady In Quiet Trade

in Australian dollar, Blog, Canadian Dollar, US dollar, Yen

 A very quiet day the  U.S Dollar today finishing higher by 10 points with the Euro currency finishing down only 33 points to close near 1.3120. The dollar has traded in a tight range for several trading sessions in a row which probably won’t continue so look for volatility to re-enter this market. I still think the dollar is headed lower against the Australian dollar, Canadian dollar, and the Japanese yen.

06 Feb

Unleaded Gas & Heating Oil Hit New 6 Month Highs

in Blog, crude oil, heatinh oil, ubleaded gasoline

The heating oil market today led with sharp gains of 575 points to close near 3.17 a gallon. Unleaded gasoline futures were higher by 160 points to close at 2.93 a gallon. Both of the markets hit 6 month highs today and in my opinion look like they are moving higher. Crude oil futures were down $1.00 today to settle near $97 dollars a barrel. The strength is in the products not in the crude oil market.

06 Feb

Mixed Day In Grain Market

in Blog, corn, oats, soybeans, wheat

 The oats led the way today gaining more than 12 cents a bushel to close at 3 month highs of 3.26 a bushel. Soybean futures for March delivery also hit 3 month highs early in the trading only sell off and finish near its low for the day at 12.33 a bushel. Wheat futures were higher by 7 cents after two straight down days.

06 Feb

Is The Bottom In On Sugar & Coffee?

in Blog, coffee, suagr

Take a look at the daily coffee charts for the last 6 months, it looks to me that this market may have created a double bottom and might start to rally with the rest of the commodity sector. Sugar futures were up 60 points today to close near 24.55 near the highs of the day. Take a look at the sugar daily chart as well it also looks to me to be in a bottoming pattern and could start another bull run.

 

06 Feb

Grains Open Unchanged

in Blog, corn, oats, soybeans, wheat

The grain market opened mixed with soybeans unchanged while corn is lower by 5 cents. Wheat is unchanged while the oats continue to climb up 4 cents. I still believe these markets are going higher and would not surprise me if they finish in positive territory today.

06 Feb

Metals Lower In Early Trade

in Blog, copper, gold, silver

The metals are sharply lower in early trade sending gold down 26 dollars at one point , however gold has rallied and now is down 18 dollars trading at 1,723 an ounce. Silver futures are lower by 23 cents trading at 33.53 an ounce that to is also is off of the lows of the day. Copper futures are lower by 400 ppoints trading at 3.86 also off of its lows for the day.

05 Feb

Trade With Seery Futures

in Blog, Seery Futures Brokerage

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