Mike Seery

15 Dec

Gold Prices Up 3rd Day In A Row

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 higher for the 3rd consecutive session reacting positively off of the FOMC minutes earlier in the week after settling last Friday in New York at 1,248 an ounce while currently trading at 1,262 up about $14 for the trading week rallying on oversold conditions in my opinion.

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14 Dec

Here Is My Consolidation Rule---Look At Cotton

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

There are different theories about how long does a meaningful consolidation has to last before you enter a trade ? In my opinion I always want to see a consolidation that lasts at least 8 or more weeks before I would consider entering.

14 Dec

Good Weather In Brazil Sends Soybeans Lower

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

Soybean Futures--- Soybean futures in the January contract have traded lower 6 out of the last 7 trading sessions currently trading at 9.69 a bushel right near a 4 week low of 9.67 & if that is broken you're looking at a 9 week low as this market has turned bearish in the short term.

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14 Dec

Are Cocoa Prices Near A Bottom ?

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

Cocoa Futures--- Cocoa futures in the March contract are trading lower by 10 points at 1889 in a relatively quiet trade in New York this Thursday afternoon as this market has dropped precipitously since the high on November 10th at 2226 dropping around 375 points from yesterday's low.

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13 Dec

Mike Seery's Daily Commodity Report 12-13-17

in Bitcoin, Blog, Bonds, commodity consulting, commodity consulting commodities, 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

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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13 Dec

10 Year Note Higher Off FOMC Comments

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

10 Year Note Futures--- The 10 year note in the March contract is currently trading higher by 17 ticks at 124/21 reacting positively off of the FOMC meeting stating that we will raise interest rates by a 1/4% point while then possibility raising rates on 3 different occasions in 2018, but this information was basically baked into the cake and that's why prices rallied in my opinion.

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13 Dec

Stay Short Lumber

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 lower for the 2nd consecutive session down another 600 points at 417.50 as I have been recommending a bearish position from around the 426 level as traders are awaiting the highly anticipated FOMC meeting which comes out this afternoon which will certainly dictate short-term price action in my opinion.

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

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

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