06 Mar

Crude Oil & Products Lower On Strong Dollar

in Blog, commodity trading, crude oil futures, futures broker, heating oil futures, unleaded gasoline

The energy sector today was down sharply as was the entire commodity and stock markets due to China's 7.5% growth rate which was very disappointed to traders so today crude oil was sharply lower down almost 2 dollars settling at 104.90 a barrel, while unleaded gasoline rallied towards the close only finishing down the 100 points at 3.24 a gallon while heating oil finished only down 200 points at 3.20 a gallon for the trading day.

06 Mar

Lumber Prices Near Contract Highs

in Blog, lumber

Lumber prices were lower by 170 points to

06 Mar

Sugar Prices Sharply Lower

in Blog, sugar

Sugar prices today finished 63 points lower to finish at 24.05 in a lack luster trade down basically in sympathy with crude oil and all the other bio diesels and commodity markets today.

06 Mar

Cotton Prices Down In Sympathy With Rest Of Market

in Blog, cotton

Cotton prices today reversed from yesterday sharp 400 point limit up move due to the fact that India is banning the export of cotton and India is the second largest exporter of cotton in the world causing prices to suddenly skyrocket yesterday, however after opening higher cotton finished down 80 points to finish at 91.420 a bale on sympathy with the rest of the commodities which were hammered to the downside today.

06 Mar

Coffee Down 900 Points To A New Contract Low

in Blog, coffee

Coffee futures today stumbled with the rest of the commodity sector finishing down 900 points to a fresh contract low of 193.05 a pound in heavy volume in New York.

06 Mar

Soybeans Make Contract Highs; Wheat & Corn Lower

in Blog, corn, oats, rough rice, soybeans, soymeal, wheat

The Grain market was mixed today with wheat finishing 15 cents lower $6.57 a bushel in the May contract with corn futures for May 9 cents at $6.52 a bushel however the soybeans and the soybean meal continue their bullish run with soybeans finishing10 cents higher 13.35 a bushel and a new contract high in the May contract also soymeal is hitting new contract highs at 363.40 up over seven dollars and showing real strength when the commodity sectors today were pummeled to the

06 Mar

Watch Michael Seery On Bloomberg TV Thurday At 9am ct--Talking Commodities

in Blog, Mike Seery On Bloombery Talking Commodities

Watch Michael Seery this Thursday at 9am ct time on Bloomberg Business television discussing commodities and the how the bond market influences commodity and stock prices.

06 Mar

Precious Metals Plummet On China News

in Blog, copper, gold, palladium, silver

Precious metals today finished sharply lower across the board with silver down over a $0.90 cents an ounce for the May contract to close around $32.81 which is a 5 week low in heavy volume in New York while gold futures plummeted down $35 more dollars in the April contract breaking the $1700 support and currently closing at 1,687an ounce which is a 6 week low in heavy volume.

06 Mar

How Much Money Do you Risk On Any Given Trade?

in Blog, money management

Trading futures or options can be a very lucrative business or it can be devastating on the bottom line with tremendous losses, unless you are smart enough to have a successful money management sysem in place before you ever place a trade. The question is how much money should you risk on any given trade? My answer is always the same you should risk between 1-2% on your account balance.

06 Mar

When Do You Exit A Trade?

in Blog, commodity rules

The biggest question that I have been asked is when do I exit a winning trade and when do I exit a losing trade? The rule of thumb that I use is placing my stop loss at the ten day high if I am short or a 10 day low if I am long.The other rule of thumb is to place your stop loss at the 2% maximun loss allowed in your account for any given trade. If you have any questions please call me at 800-615-7649 and I will review many basic trading rules with you.

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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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Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
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