Published by : Mike Seery

Mike Seery Talks The Commodity Markets
Mike Seery Talks The Commodity Markets

S&P 500 Futures—The S&P 500 in the June contract is currently trading at 2906 down 4 points in a very quiet trade this Monday afternoon in Chicago as the volatility remains exceptionally low. If you have followed any of my previous blogs you understand that I’m very bullish the U.S equity market despite today’s slight sell off as I do…

Cattle Prices Lower Off Report
Cattle Prices Lower Off Report

Cattle Futures—Cattle futures in the June contract are sharply lower down 110 points at 121.57 reacting negatively off of the cattle on feed report which was released last Friday. I have been talking about cattle for quite some time and I still believe higher prices are ahead & if you are long a futures contract I would continue to place…

Should You Answer A Margin Call ?
Should You Answer A Margin Call ?

TRADING THEORY—Never answer a margin call because you are probably over trading and most likely the position is going against you and probably have lost much more than 2% on that trade. Never allow this to happen to you because you always want to have sufficient margin in your trading account just in case the exchange raises margin and that…

Does Anybody Drink Coffee ?
Does Anybody Drink Coffee ?

Coffee Futures—Coffee futures in the July contract finished down 5 points at 92.85 a pound selling off from session highs as prices traded at 95.25 before profit taking took place. The volatility in coffee over the last 3 trading sessions has been relatively high as this market has continually grinded lower for months as prices hit a 14 year low…

A Break Out Is Looming In Copper
A Break Out Is Looming In Copper

Copper Futures—Copper futures in the May contract is trading lower by 160 points at 2.9040 a pound as prices hit a 9 month high in last week’s trade before profit taking has ensued. In my opinion if you take a look at the daily chart there are several different ways you could play this commodity if you are bearish I…

Soybean Prices Remain Weak
Soybean Prices Remain Weak

Soybean Futures–-Soybeans in the July contract is trading lower by 4 cents at 8.90 a bushel hitting a 6 month low as the grain market as a whole remains bearish across the board. In my opinion I think prices will retest the October 31st low of 8.83 and then test major support at the contract low at 8.65 in the…

The Bearish Trend Continues In Wheat
The Bearish Trend Continues In Wheat

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The Bearish Trend Continues In Corn
The Bearish Trend Continues In Corn

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S&P 500 Remains In Bullish Trend
S&P 500 Remains In Bullish Trend

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Sugar Chart Looks Interesting
Sugar Chart Looks Interesting

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