Recent blog posts
- When Do You Enter & Exit A Trade?
- Precious Metals Hit New Lows As Yields Rise
- Sign Up Now For Free Grain Market Analysis
- Do You Risk To Much Money On A Given Trade?
- Seery Futures Accepts Canadian Commodity Accounts
- When Do You Add To Your Winning Trades?
- Talk To Mike Seery With Skype
- Bond Traders Await Fed Statement Tomorrow
- How Much Money Should You Risk On Any Given Trade?
- How Low Are Coffee Prices Headed?
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Grain Futures-- The grain market is higher across the board in Chicago today with December corn up $.12 for the 2nd consecutive trading session at 5.50 & now has rallied around $.25 from yesterday’s lows still stuck in a sideways channel really with no trend in sight, however I do remain bearish the new crop corn & I think prices will start to head lower but with the July corn right near 11 week highs that is propping up the new crop corn with trad
Precious Metal Futures-- The precious metals were weaker across the board once again Tuesday afternoon with gold down another $17 at 1,366 and it I have been advising in previous blogs I’m bearish the precious metals I do believe gold is going to retest the recent lows of around 1,320 here possibly in the next couple weeks as traders await tomorrow’s statement that from Ben Bernanke to see if the quantitative easing will be reduced or continued at fu
Head and Shoulders Top or Bottom---This technical indicator consists of a left shoulder, a head, and a right shoulder and a line drawn as the neckline and occur in many different daily charts over the course of time. The left shoulder is formed at the end of an extensive move during which volume is noticeably high. This type of indicator takes time to develop usually a couple of months in my opinion.
With more than 2.2 billion contracts (valued at $1.1 quadrillion) traded in 2007, CME Group is the world’s largest and most diverse derivatives exchange. Building on the heritage of CME, CBOT and NYMEX, CME Group serves the risk management needs of customers around the globe. As an international marketplace, CME Group brings buyers and sellers together on the CME Globex electronic trading platform and on trading floors in Chicago and New York.
Livestock Futures--- Livestock futures were higher this afternoon with live cattle in the August contract up 77 points at 119.10 selling off of session highs earlier in the day when prices hit 120.22 & rallied about 150 points in just a matter of minutes.
Sugar Futures--- Sugar futures in New York today rallied for the 2nd consecutive day hitting a 3 week high at 16.85 and have rallied 80 points from contract lows just hit last Thursday.
LONG PUT—Risk = What The Premium Cost
Grain Futures-- The grain market is mixed this afternoon with November beans down $.11 cents at 12.87 a bushel as solid weather in the Midwest is pressuring prices at this time while corn futures for the December contract are actually higher by $.03 rallying off session lows at 5.35 a bushel as spreading between the 2 commodities is taking place.
