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 March contract are trading below their 20 and 100-day moving average hitting a contract and multi-year low in Thursday’s trade before rallying this Friday currently trading at 28.10 a barrel up nearly $2 on massive short covering ending the week. Crude oil futures traded as low as 26.05 in Thursday’s trade only to rally, but this market certainly remains weak, but at the current time on sitting on the sidelines as the risk does not meet my criteria as the chart structure is very poor presently. As a trader you must think about probabilities of success and at the current time I’m only focused on the soft commodities as they have very tight chart structure with solid trends to the downside as crude oil remains choppy down these levels as the easy money to the downside has already been made in my opinion. 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.

Crude Oil Futures

Crude oil futures in the March contract settled last Friday in New York at 33.62 a barrel while currently trading at 31.62 down about $2 for the trading week stuck in a sideways trend at the present time. Crude oil prices are trading above their 20 day but still far below their 100 day moving average telling you that the trend is mixed as prices in my opinion are bottoming out, but at this point the market trend is sideways as a true breakout to the upside is above 34.82 as the chart structure is starting to improve so keep a close eye on this market, but avoid and look at other sectors that are beginning to trend. The U.S dollar has entered a bearish trend in my opinion and that has been supportive crude oil in recent days while also pushing up the precious metals which hit a 3 month high which is always a good sign as the commodity markets move hand-in-hand over the course of time which could be supportive crude oil here in the short time. 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.

Crude Oil Futures

Crude oil futures in the March contract are trading higher for the 4th consecutive trading session up another $.50 at 33.72 a barrel after settling in New York last Friday at 32.19 hitting a 3 week high. I’ve been sitting on the sidelines in this market for quite some time as a short-term bottom around $28 looks to have occurred in my opinion with the next major level of resistance abound $38 as OPEC is hinting at a possible production cut sending prices up about $5 in the last two weeks. Crude oil prices are trading above their 20 day but still below their 100 day moving average telling you that the short-term trend is mixed so look at other markets that are beginning to trend with better potential at the present time. The U.S dollar continues to hover around 99 giving very little guidance in the short-term as this market is based on OPEC and overproduction at the current time as a relief rally is underway in my opinion. 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.

Crude Oil Futures

Crude oil futures in the March contract settled last Friday in New York at 34.10 a barrel as prices have reversed their recent downtrend including the last 2 trading sessions as prices are now trading at 32.17 up $2.62 this Friday afternoon. I have been recommending sitting on the sidelines for quite some time, however there could a trade here in the next couple of days as the 10 day high is around $35.02 in Mondays trade as prices are still trading far below their 20 and 100 day moving average telling you that the short-term trend still remains bearish. Oil prices traded below $28 a barrel in Wednesday’s trade as panic struck the stock market and the energy market as worldwide deflation continues to hamper prices and if you have been following any of my previous blogs you understand why I remain short so keep a close eye on this market as a possible trade could be in Monday’s trade. 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.

Crude Oil Futures

Crude oil futures in the February contract settled last week in New York at 37.04 a barrel while currently trading at 33.33 down about $4 for the trading week hitting a 12 year low continuing its remarkable bearish trend. Oil prices have been very volatile as in Monday’s trade prices were sharply higher and then finished lower as there were concerns about Saudi Arabia and Iran causing crude oil prices to spike in early trade only to sell off sharply for the rest of the week as there seems to be no end in sight to where the bottom is. The problem with crude oil is China basically came out stating that their economy is definitely slowing down as that’s not only bearish crude oil or any commodities in general as there seems to be a worldwide slowdown occurring as even the stock market which has been incredibly resilient over the last several years is now starting to weaken dramatically. Continue reading "Weekly Futures Recap With Mike Seery" →