Tag : Seeryfutures

Volatility Has Come Back Into Corn
Volatility Has Come Back Into Corn

Corn Futures—Corn futures in the July contract which is considered old crop is currently trading lower by 7 cents at 3.63 of a bushel as that has rallied as prices touched the 3.55 level early in the session as President Trump is threatening to slap China with tariffs possibly this Friday sending many agricultural sectors lower. At the present time…

Coffee Historically Looks Cheap
Coffee Historically Looks Cheap

Coffee Futures—Coffee futures are trading slightly lower for the 2nd consecutive session down 45 points at 90.15 a pound still looking to test the contract low which was hit on April 17th at 89.00 in my opinion. Coffee prices have been stuck in a 3 week consolidation looking to break out as the downtrend line remains intact as the entire…

Cotton Prices Down Over 200 Points On China News
Cotton Prices Down Over 200 Points On China News

Cotton Futures—Cotton futures in the July contract opened sharply lower this Monday in New York as a trade agreement with China looks to be on hold sending prices down to 220 points at 73.48 hitting a fresh 9 week low. I have been recommending a bearish position from around the 75.78 level and if you took that trade continue to…

Tariffs Push Soybean Prices Lower
Tariffs Push Soybean Prices Lower

Soybean Futures—Soybean futures in the July contract are sharply lower down another $0.18 at 8.24 a bushel as this gravy train to the downside continues as I still have nothing bullish to talk about as prices still look expensive. The entire agriculture market is melting down including the stock market which is quite a surprise as North Korea has launched…

Still Bullish The S&P 500
Still Bullish The S&P 500

S&P 500 Futures—The S&P 500 in the June contract is sharply lower on concerns about North Korea currently trading at 2897 down 50 points near a 2 week low as this is sheer panic in my opinion as it still remains in a very strong trend to the upside as the payroll number that was released last Friday showed that…

Copper Rallies Sharply Off Session Lows
Copper Rallies Sharply Off Session Lows

Copper Futures—Copper futures in the July contract is currently trading at 2.7700 a pound down 490 as prices are still hovering right near a 10 week low still trading below their 20 & 100 day moving average as the trend remains to the downside in my opinion. I have been recommending a short position from around the 2.8250 level &…

Bearish Trends Continue– Commodity Comments For 5-3-19
Bearish Trends Continue– Commodity Comments For 5-3-19

S&P 500 Futures—The S&P 500 in the June contract settled last Friday in Chicago at 2941 while currently trading at 2939 basically unchanged for the trading week, but ending on a positive note up over 20 points due to the incredibly strong monthly unemployment number which was released this morning. The economic figures that have been released in the last…