Tag : futures trading

Mexican Peso Lower 4th Day In A Row
Mexican Peso Lower 4th Day In A Row

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Silver Prices Sharply Higher Again
Silver Prices Sharply Higher Again

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What Is A Double Bottom Chart Pattern ? Look At Mexican Peso
What Is A Double Bottom Chart Pattern ? Look At Mexican Peso

What Is A Double Bottom Chart Pattern ? A pattern used in technical analysis to predict the reversal of a prolonged downtrend. The pattern is identified when the price of commodity creates 2 sell offs at nearly the same price level. The 2nd bounce off the support is an indication that buying interest (demand) is outweighing selling interest (supply) and…

Was That A Double Bottom In The Mexican Peso ?
Was That A Double Bottom In The Mexican Peso ?

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How High Are Silver Prices Going ?
How High Are Silver Prices Going ?

Silver Futures–-Silver futures in the September contract is trading higher for the 2nd consecutive session hitting a 13 month high up another 1% at 17.62 an ounce as prices look to crack the $18 level possibly in this week’s trade. Fundamentally speaking the ongoing trade and geopolitical tensions along with dovish central bank expectations have sparked fund buying of precious…

Mike Seery’s Daily Commodity Comments For 8-23-19
Mike Seery’s Daily Commodity Comments For 8-23-19

Soybean Futures—Soybean futures in the November contract settled last Friday in Chicago at 8.79 a bushel while currently trading at 8.62 down about $0.17 for the trading week as prices are hovering right near a 3 month low. I have been recommending a bearish position from the 8.80 level and if you took that trade continue to place the stop…

Limit Up/Limit Down Rule–Look At Hogs
Limit Up/Limit Down Rule–Look At Hogs

TRADING THEORY—This is an outstanding rule to understand as when a market trades limit down such as what cotton did in today’s trading session that tells you there is a high probability that prices will open lower on the open in tomorrow’s trading session as buying limit down is a fool’s game. Remember when a market closes limit down there…

Hog Market Looks To Move Lower
Hog Market Looks To Move Lower

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How High Are Gold Prices Going ?
How High Are Gold Prices Going ?

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