commodity broker

09 Nov

Gold Prices Hit 8 Week Low

in Blog, commodity broker, gold futures, Mike Seery

Gold Futures-- Gold futures continued their bearish trend down $24 in the December contract at 1,285 hitting a 5 week low as the U.S dollar continues to rally pressuring gold prices in recent weeks as a possible retest of 1,250 could happen next week in my opinion as money poured back into the stock market once again today and out of the precious metals.

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09 Nov

S&P 500 Continues Bull Market

in Blog, commodity broker, Mike Seery, stock trading

S&P 500-- The S&P 500 reversed yesterday sharp declines to finish up 22 points in the December contract at 1,767 continuing its bullish trend pushing prices higher once again today with a very solid unemployment report stating that the unemployment rate is 7.3% while adding 204,000 jobs pushing prices lower initially and then rallied sharply throughout the trading session as investors ar

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28 May

When Do You Finally Exit A Trade? Take A Look At The Orange Juice Chart

in Blog, chart reading, commodity broker, commodity rules, commodity trading, Free 1 On 1 Consultation With Michael Seery, futures broker, Michael Seery, options broker, paper trading commodities, Seery Futures LLC, simulated trading

WHEN DO YOU EXIT A TRADE ?-- The biggest question that I have been asked is when do I exit a winning trade and when do I exit a losing trade? In my opinion the rule of thumb that I use is placing my stop loss at the 10 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% maximum loss allowed in your account for any given trade.

28 May

When Do You Enter A Trade? Look At All The Daily Charts To The Down Side

in Blog, chart reading, commodity broker, commodity rules, commodity trading, Free 1 On 1 Consultation With Michael Seery, futures broker, Michael Seery, options broker, paper trading commodities, Seery Futures LLC, simulated trading

  When Do You Enter A Trade?  What are your rules to initiate a trade on the long or short side of the commodity market? I have been asked this question many times throughout my career and my opinion is simply to buy on a 20-25 day high breakout in price on a closing basis only or sell on a 20-25 day low breakout to the downside also on a closing basis.

27 May

Closing Commodity Comments For 5-25-12

in and Palladium futures, Blog, commodity broker, commodity trading, copper futures, futures broker, futures trading, gold futures, Michael Seery, options broker, platinum futures, precious metal futures, Seery Futures LLC, silver futures

 Precious Metal Futures---The precious metals today on this holiday weekend are sharply higher with gold trading at 1,566 an ounce up $8 dollars selling off from earlier highs while silver futures are up 11 cents to 28.29 and is what has been a choppy trading week for both silver and gold.

27 May

What Will The Grain Market Do This Week ?

in Blog, commodity broker, corn futures, futures broker, futures trading, Kansas City wheat, Michael Seery, Minneapolis wheat, oat futures, option broker, rough rice futures, Seery Futures LLC, soybean futures, soybean meal futures, soybean oil futures, wheat futures

Grain Futures-- The grain futures today were mixed with July wheat up $.16 to currently trade at 6.81 a bushel down about 20 cents for the week an incredibly volatile last week for wheat prices while corn futures which have been absolutely crushed this week were unchanged in the July contract currently at 5.75 and breaking new lows today in an incredibly volatile and choppy market which actually hit a high of 6.41 on Monday’s trading session.

27 May

Precious Metals Higher In Pre Holiday Trade

in and Palladium futures, Blog, commodity broker, commodity trading, copper futures, futures broker, futures trading, gold futures, Michael Seery, options broker, platinum futures, precious metal futures, Seery Futures LLC, silver futures

 Precious Metal Futures---The precious metals today on this holiday weekend are sharply higher with gold trading at 1,566 an ounce up $8 dollars selling off from earlier highs while silver futures are up 11 cents to 28.29 and is what has been a choppy trading week for both silver and gold.

27 May

How Low Are Cotton Prices Going ?

in Blog, coffee futures, commodity broker, commodity trading, cotton futures, futures broker, futures trading, lumber futures, Michael Seery, milk futures, option broker, orange juice futures, Seery Futures LLC, soft commodities, sugar futures

 Cotton Futures-- Cotton futures are down once again today lower by 20 points trading right around 70.45 a bale in the July contract finishing down about 600 points during the trading week hitting another fresh two year low on record supplies coming in the market with very little overseas demand at this point.

27 May

How Low Can The Euro Currency Go ?

in Australian dollar futures, Blog, British pound futures, Canadian dollar futures, commodity broker, currency trading, futures broker, Japanese Yen futures, Mexican peso futures, Michael Seery, option broker, Seery Futures LLC, U.S dollar futures

Euro Currency---  The Euro currency today created new lows earlier the trading session down at 1.2496 which is the new 21 month low however rallied later in the day currently trading at 1.2517 down 9 in a quiet trade today.

27 May

Milk Prices Higher For 7th Straight Session

in Blog, coffee futures, commodity broker, commodity trading, cotton futures, futures broker, futures trading, lumber futures, Michael Seery, milk futures, option broker, orange juice futures, Seery Futures LLC, soft commodities, sugar futures

 Milk Futures--- Milk futures today continue their bullish momentum to the upside higher by another 30 points currently trading at 16.40 with a high in the intraday at 16.50 which is an eight week high in prices while just three weeks ago traders and dairy farmers were shaking their heads wondering how low prices are going and instead now they're wondering how high are prices going.

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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.

Past performance is not necessarily indicative of future results.

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