Tag : commodity consulting

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…

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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Natural Gas Looks To Head Even Lower
Natural Gas Looks To Head Even Lower

Natural Gas Futures—Natural gas futures in the June contract is trading lower for the 5th consecutive session down another 5 points at 2.57 breaking major resistance as prices look to head even lower in my opinion. At the present time I don’t have any recommendations in the energy sector, but if you are long a futures contract it is time…

Soybean Prices Near 6 Month Lows
Soybean Prices Near 6 Month Lows

Soybean Futures—Soybean futures in the May contract is currently trading lower by 12 cents at 8.87 a bushel right near a 6 month low as the grain market across the board is under pressure this Tuesday afternoon in Chicago. If you take a look at the daily chart the downtrend line remains intact and if prices break the March 29th…

How Low Are Wheat Prices Going ?
How Low Are Wheat Prices Going ?

Wheat Futures—Wheat futures in the May contract is lower by another 13 cents at 4.49 a bushel under pressure for the 2nd consecutive trading session hitting a 4 week low. The grain market in general continues to grind lower as there is nothing bullish about the agricultural sectors at this time as we await for some type of trade agreement…

The Gravy Train Continues For Stocks
The Gravy Train Continues For Stocks

S&P 500 Futures—The S&P 500 in the June is currently trading higher by another 4 points at 2913 touching highs that we have not seen since last October as earnings season is upon us and that will certainly dictate short term price action in my opinion. If you are long a futures contract I would continue to place the stop…

S&P 500 Continues Strong Trend
S&P 500 Continues Strong Trend

S&P 500 Futures—The S&P 500 in the June contract settled last Friday in Chicago at 2896 while currently trading at 2903 as prices have broken out to levels that we have not seen since early October. If you are long a futures contract continue to place the stop loss under the 2 week low which now stands at 2844 as…