Tag: Guest Bloggers

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Crude Oil Futures

Crude oil futures in the June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $1 for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit-taking ensued. I'm currently not involved in this market as the chart structure is terrible as the 10 day low stands at 62.01 as the monetary risk is too high, however, I am certainly not recommending any type of short position as this trend is strong as the fundamental and technical picture remains bullish. Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion. Crude oil prices are clearly trading above their 20 and 100-day moving average as this has now become one of the strongest trends in 2018 as I think this will start to support the precious metals and the agricultural market down the road. I'm looking at a commodity rally to finish out the 2nd half of 2018 as the Trump tariffs talks have finally subsided and I do think that the U.S. dollar which remains choppy at the current time will drift lower in the future helping supporting prices.
TREND: HIGHER
CHART STRUCTURE: POOR
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

10-Year Note Futures

The 10-year note in the June contract was basically unchanged for the trading week at 121/02 and has been going sideways over the last couple of months as traders are looking for some fresh fundamental news. I have been recommending a bearish position from the 120/18 level and if you took the trade continue to keep the stop loss at 121/18 as the original risk was around $1,000 per contract plus slippage & commission as the yield on the 10-year note is at 2.82%, and volatility remains very low. The U.S. stock market has experienced incredible volatility this week, and when the stocks are sharply lower the notes rally and vice versa as yesterday, we had a 700 point reversal in the Dow Jones. I'm still negative the entire bond sector as I think the yields are way too low as the United States experienced a 2.9% GDP number last quarter which is very solid. The 10-year note is trading right at its 20-day but still below its 100-day moving average as the trend is mixed. I still think prices will crack the 3% level in the weeks ahead so stay short & continue to place the proper stop loss as I still believe the risk/reward are in your favor as the longer-term downtrend line remains intact.
TREND: MIXED - LOWER
CHART STRUCTURE: SOLID
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.27 an ounce while currently trading at 16.60 up about 33 cents for the trading week still stuck in a six week consolidation as prices continue to flip-flop on a daily basis. I am not involved in silver at this time, but I'm looking at a bullish position if prices break 16.89 as the chart structure is solid, therefore, the risk/reward would be in your favor. Volatility has started to increase this week as prices reacted positively off of the Federal Reserve announcement on interest rates earlier in the trading week. Silver prices are trading above their 20-day but still below their 100-day moving average which stands at 16.78 as that is also acting as resistance so be patient and wait for the breakout to occur. The U.S. dollar continues to trade in a sideways manner over the last several months and is lending very little support to silver. I think the Trump tariffs are pushing up the precious metals at this time as they are used as a flight to quality and if you have read any of my previous blogs you understand that I think historically speaking silver is very cheap. I do think prices are in a bottoming pattern with major support at the $16 level.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Gold Futures

Gold futures in the April contract settled last Friday in New York at 1,324 an ounce while currently trading at 1,317 down about $7 for the trading week near a two week low. I'm not involved in this commodity, however, I am looking for a possible short position in next week's trade once the chart structure improves. In my opinion gold prices could retest the March 1st low of around 1,303 as we are now trading under their 20-day moving average, but still above their 100-day moving average as this market remains choppy to sideways in the short-term. The U.S dollar looks to have bottomed out and that would be a negative towards the precious metals as silver remains very weak as well as the commodities, in general, have turned negative due to the Trump tariffs which are rattling the markets as we are worried about repercussions coming out of China sending prices lower. Volatility in gold remains relatively low as a double top looks to have been created around the 1,365 level so look to play this to the downside. I think the path of least resistance is to the downside, but wait for the risk/reward to become in your favor; however, I am certainly not recommending a bullish position.
TREND: MIXED
CHART STRUCTURE: IMPROVING
VOLATILITY:INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →

Weekly Futures Recap With Mike Seery

Posted on by The INO.com Team

We've asked Michael Seery of SEERYFUTURES.COM to give our INO readers a weekly recap of the Futures market. He has been Senior Analyst for close to 15 years and has extensive knowledge of all of the commodity and option markets.

Michael frequently appears on multiple business networks including Bloomberg news, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He is also a guest on First Business, which is a national and internationally syndicated business show.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.46 an ounce while currently trading at 16.60 up about 14 cents for the trading week experiencing some rather high volatility which is good to see as we are still stuck in a five week consolidation chart pattern. I will be recommending a bullish position if silver breaks 17.03 which is about $0.40 away as we could be involved in next week's trade as the chart structure is excellent at the current time as I am still bullish, but I have no recommendations in the precious metals presently. Silver prices are still trading under their 20 and 100 day moving average as this trend remains mixed to lower in my opinion as this has been very choppy over the last six months as I do think we are in a longer-term bottoming out pattern as historically speaking I think silver prices are very cheap. The U.S dollar is still hovering at a three year low as that market currently is in a sideways pattern as the U.S dollar is lending very little support to silver prices. However, demand will start to come back into this market. The U.S. monthly unemployment number showed that 800,000 people came back into the workforce as that is a good thing towards commodity prices & will spur demand so keep a close eye on this market as we could be involved in next week's trade as the risk/reward would be in your favor in my opinion.
TREND: LOWER - MIXED
CHART STRUCTURE: EXCELLENT
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →