Tag : commodities

Seery Futures Daily Commodity Comments 4-29-19
Seery Futures Daily Commodity Comments 4-29-19

Soybean Futures—Soybean futures in the July contract are unchanged at 8.67 a bushel as heavy rains have entered the midwestern part of the United States as we are awaiting the weekly crop planting progress report which will be released this afternoon. If you have been following any of my previous blogs you understand that I am bearish soybean prices as…

Are Sugar Prices Expensive ?
Are Sugar Prices Expensive ?

Sugar Futures—Sugar futures in the July contract settled sharply lower finishing down 2.53% or 32 points at 12.33 a pound looking to break out of an 8 week tight channel formation. If you take a look at the daily chart the 13.00 level was touched on multiple occasions only to fail as now they are testing the bottom end of…

Do You Over Trade Your Account ?
Do You Over Trade Your Account ?

TRADING THEORY–– If you follow this rule you will have a chance of being successful over the course of time, if you don’t follow this rule you will be sure to lose your money quickly. This rule is simple Do Not OVERTRADE EVER for this is an easy way to lose all your capital quickly. My definition of over trading…

Stocks Higher On Excellent U.S Economy
Stocks Higher On Excellent U.S Economy

S&P 500 Futures—The S&P 500 in the June contract is trading higher for the 2nd consecutive session up another 4 points at 2945 as the gravy train continues to the upside as investors are awaiting the highly-anticipated quarterly earnings report from Google which will be released after the Bell. The S&P 500 is clearly the strongest trend to the upside…

NEVER ADD TO LOSING TRADE !
NEVER ADD TO LOSING TRADE !

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What Is The RSI Oscillator ?
What Is The RSI Oscillator ?

TRADING THEORY —-What Is The RSI Oscillator ? —The RSI oscillator ranges from 0 to 100 and when a commodity is deemed to be at overbought levels when the RSI approaches the 70 level and beyond meaning if the oscillator has an overbought condition of 92 that is higher and even more of an overbought condition then the 70 level…

ADM Wheat Comments
ADM Wheat Comments

WHEAT Wheat futures closed mixed. Lower financial and energy markets may have triggered some fund short covering in wheat. Wheat futures are oversold and due for a correction. Estimates of an increase in World 2019 wheat production and end stocks could limit the upside in prices. Rains forecast for US south plains could help crops there. Wet/cold weather could delay…

Wild Trading Session In Corn
Wild Trading Session In Corn

CORN Corn futures traded both sides of Wednesdays close and closed slightly higher. Early talk that Mexico may be looking at South America for corn needs triggered stops near session lows. Talk of increase US farm cash movement may have also triggered increase commercial hedging. Near session lows, there may have been some short covering in front of the weekend…

Cattle Prices Hit A 4 Month Low
Cattle Prices Hit A 4 Month Low

Live Cattle Futures—Live cattle in the June contract finished lower for the 4th consecutive session down 297 points at 115.37 as this market has absolutely collapsed over the last several days hitting a 4 month low. I have been talking about cattle for quite some time as I had a bullish bias and if you were long a futures contract…

I Am Bullish The U.S Dollar
I Am Bullish The U.S Dollar

Dollar Index Futures—The dollar index in the June contract is trading higher for the 2nd consecutive session up sharply this Wednesday afternoon by another 43 points at 97.75 hitting a contract high once again as I still believe this currency will crack the 100 level in the coming weeks ahead. If you are long a futures contract continue to place…