Crude Oil Breaks 3 Day Winning Streak

27 Nov in Blog, commodity consulting, commodity trading, crude oil futures, futures trading, heating oil futures, natural gas futures, option trading, seeryfutures, unleaded gasoline futures

Crude Oil Futures--- Crude oil futures in the January contract are breaking a 3 day winning streak down 77 cents at 58.15 a barrel weaker despite the fact that the products of heating oil & unleaded gasoline are higher in today's trade reversing some of the sharp gains we experienced last week.

I have been recommending a bullish position from the 53.15 level and if you took the trade continue to place the stop loss at 55.00 as the chart structure will start to improve in Thursday's trade therefore lowering the monetary risk as I think today is blamed on profit taking due to the recent run-up in prices. Oil is still trading above its 20 and 100 day moving average as this trend remains strong due to worldwide demand for this commodity coupled with improving economies & low unemployment in the United States as I think this trend could continue as we might be trading in the low 60s relatively soon in my opinion.

At the present time this is my only recommendation out of the energy sector, but I do have several bullish recommendations in many different sectors as I think the commodity markets look cheap compared to the U.S stock market which is hitting another all-time high in today's trade so continue to place the proper stop loss as 2nd guessing is the kiss of death in my opinion over the long haul.







If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit

Skype Address: mseery TWITTER---@seeryfutures



If you’re looking to open a Trading Account click on this link



There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.

Home  | Privacy Notice | Risk Disclosure | Contact Us

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
when trading a live account due to the fact that trades are not sent to a regulated exchange but they are sent
to a simulated off-exchange server.

© 2017. Seery Futures. All Rights Reserved.