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31 Jan

Free 1 On 1 Consultation

in Blog, commodity trading, Hedging, option trading

If you need help hedging your crops or you want to speculate in the futures and option markets please give me a all at 800-615-7649 and we I will schedule a FREE 1 on 1 consultation that hopefully will help--Mike Seery

31 Jan

API Report Tomorrow at 9:30 AM

in Blog

Big API Report tomorrow morning at 9;30 am ct--Also on Friday Monthly Unemployment report at 7;30 am ct

31 Jan

Coffee Prices Re-Testing Contract Lows

in Blog, coffee.orange juice.cocoa, lumber, sugar

I do not talk about the soft markets very much but they be as profitable as any other commodity , however they are not as liquid as some other markets. Take a look at lumber, sugar, and coffee all to the upside. These commodities are re-testing recent lows and might even go lower, however that is why you place your stop loss below contract lows which will minimize your loss if you are wrong. These markets have come down dramatically in price in the last 4 months and could be bottoming with an improving economy.

31 Jan

Mixed Day In Commodity Markets

in Blog, Taliking About Commodities

Metal Futures--- Gold futures finished 2 dollars higher to close around 1,736 an ounce falling off of their earlier highs of up over $15 at 1,751. This market is still very strong and should be bought on dips in my opinion. The reason for the profit taking was the fact that the Euro currency had erased its earlier gains and then went negative for the trading session. Silver futures traded as high as 34.12 early in the trading day before selling off 27 cents to close at 33.25 an ounce.

31 Jan

Feeder Cattle Hits All Time Highs Again

in Blog, feeder cattle, hogs, live cattle

The Feeder and Live cattle markets continue to push higher due to the fact that the U.S. has its lowest herd since 1952. Feeder cattle futures closed higher by 127 points to close at another all-time high 155.00. Live cattle futures are re-testing the contract highs at 129 and look for this to be broken and continue to move higher. Take a gander at the hog futures for April delivery: could be possible double bottom and might rally with the other meats just in sympathy. The cattle markets could see even more explosive moves to the upside due to extreme tightness in supply.

31 Jan

Energy Futures Close Mixed In Choppy Session

in Blog, crude oil, natural gas, unleaded gas.heating oil

Crude oil futures were over $2 dollars higher in early trading related to a trading error that a brokerage house had to cover making prices rally. After that story prices began to sell off hard to close lower at 98.50 a barrel. Heating oil futures were higher by 50 points to close at 3.05 a gallon with unleaded gasoline closing higher by 2 cents as well to close near 2.89 a gallon. I believe that all of the energies should be bought on dips including natural gas which has been in a huge bear market for over 2 years now.

31 Jan

Wheat Futures Rally Sharply On Weather Concern

in Blog, corn, soybeans, whaet

The story today was the sharp rise in wheat futures caused by crop concerns in the Midwest. With unusually warm temperatures throughout the Midwest with some areas breaking record temperatures including Chicago which was 60 degrees today. The breakout in wheat is 6.71 if it can close above that price look for a possibility of $7.50 a bushel or even higher. Wheat futures for March delivery closed higher by 22 cents to close around 6.67 a bushel. Soybean futures rebounded slightly after yesterday’s sharp loses to rally up 15 cents to close around 11.98 a bushel.

31 Jan

Precious Metals Retrace From Early Highs

in Blog, copper, gold, platinum, silver

Gold futures finished 2 dollars higher to close around 1,736 an ounce falling off of their earlier highs of up over $15 dollars at 1,751. This market is still very strong and should be bought on dips in my opinion. The reason for the profit taking was the fact that the Euro currency had erased its earlier gains and then went negative for the trading session. Silver futures traded as high as 34.12 early in the trading day before selling off 27 cents to close at 33.25 an ounce. This market is still in a bullish trend and one should buy dips according to the size of your portfolio.

31 Jan

Gold & Silver Off Session Highs

in Blog, Euro currency, gold, silver

Gold and silver futures are off of their highs for the day trading around unchanged. Gold was up around $15 dollars earlier in the session and silver was over $34 dollars an ounce. I still believe these markets will continue their bullish trend; today's selloff is blamed on the Euro currency going negative after a firm open this morning.

31 Jan

Wheat Futures Rally On Weather Concerns in U.S.

in Blog, oat futures, wheat futures

Wheat futures for the March delivery are re testing recent highs up 15 cents so far in the trading session. Record tempature across the wheat belt are causing concerns for the crop. This year also has had small amounts of snow including Chicago which has had only 10 inches of snow the entire winter. Look for the oat market which sometimes follows the wheat market to begin to rally as well. The breakout level in wheat is 6.71 a bushel if it rallies past that you could see $7.50 pretty quickly.

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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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