Tag : 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…

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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Cotton Prices Stuck In 3 Week Consolidation
Cotton Prices Stuck In 3 Week Consolidation

Cotton Futures–-Cotton futures in the July contract is currently trading at 78.00 ending the week on a sour note after settling last Friday in New York at 78.86 down over 85 points for the week. I had been recommending a bullish position from around the 76.70 level getting stopped out earlier this week around the 77.10 level as I am…

Cattle Prices Look Bullish
Cattle Prices Look Bullish

Live Cattle Futures—Live cattle futures in the June contract settled last Friday at 121.45 while currently trading at 122.50 up over a 100 points for the trading week continuing its bullish momentum. If you are long a futures contract I would continue to place the stop loss at 118.70, however the chart structure will start to improve in next week’s…

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…