Mike Seery

20 Dec

I Remain Bullish Cotton Prices

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

Cotton Futures--- Cotton futures in the March contract are currently trading higher by 53 points at 75.56 breaking a 2 day losing streak still right near a contract high as I have been recommending a bullish position from the 70.50 level & if you took the trade the stop loss has now been raised to 72.76 as that will not be raised again until another 5 trading sessions so you will have to accept the monetary risk at this time.

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20 Dec

Coffee Prices Near A 2 Week High

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

Coffee Futures---Coffee futures in the March contract is currently trading higher by 160 points at 123.35 a pound right near a 2 week high after bottoming out on December 12th at 118.30 as there is still no trend in this commodity at the present time as we are drifting away during the holiday markets as I see the volatility coming back once the new year begins.

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19 Dec

Lumber Prices Sell Off Towards Closing Bell

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 finished down 390 points currently trading at 431.00 as I have been recommending a bearish position over the last couple of weeks and if you took the trade continue to place the stop loss at 439.00 as that level has been touched over the last 2 trading days, but unable to close above that level as all stop losses are based on close only.

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19 Dec

Are Cattle Prices Going Lower ?

in Blog, commodity trading, feeder cattle futures, futures trading, Lean hog futures, live cattle futures, livestock futures, Mike Seery, milk futures, seeryfutures

Live Cattle Futures--- Live cattle futures in the February contract are trading lower by 30 points at 120.30 still consolidating the recent downdraft in prices as the true leader in this complex is Feeder cattle in the March contract which is now lower by 210 points looking to breakout to a 3 month low putting pressure on live cattle prices in the short term.

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19 Dec

Gold Weaker On Higher Interest Rates

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 broke a 4 day winning streak down about $3 an ounce currently trading at 1,262 as I'm currently sitting on the sidelines, however I do have a bearish bias in this commodity as interest rates have hit a new yearly low as I am now recommending a short position in the 10 year note as that is a bearish fundamental indicator to gold & the precious metals in general.

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19 Dec

Cocoa Lower In Early Trade

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 down 16 points at 1906 still hovering right near contract lows as the West African harvest is moving along quickly as good production numbers have put pressure on cocoa prices over the last several weeks.

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19 Dec

Looking To Sell The 10 Year Note

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

10 Year Note Futures--- The 10 year note is trading lower for the 4th consecutive session as I've been writing about this commodity for quite some time looking for a possible sell if prices close under the critical 123.29 level & if that does occur I will place the stop loss even higher than the 2 week high as I will place that at 125.00 risking around $1,100 per contract plus slippage and commission as the breakout could be occurring in today's

18 Dec

What Is A Pennant Flag Chart Pattern ?

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

What Is A Pennant Flag Chart Pattern ? A technical charting pattern that looks like a flag with a mast on either side. Flags result from price fluctuations within a narrow range and mark a consolidation before the previous move resumes.

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18 Dec

Will June Hogs Crack The 81 Level ?

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 are unchanged this Monday afternoon in Chicago at 82.15 as I continue to look for a bearish position over the next couple of days as I do believe that hog prices topped out at the 84.40 level as prices have been very stubborn around the 81.00 level in recent days.

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18 Dec

Cotton Prices Break 3 Day Winning Streak

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

Cotton Futures---Cotton futures in the March contract broke a 3 day winning streak finishing down 72 points at 75.20 blamed on profit taking as cotton prices are still right near a 1 year high.

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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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