Tag: how to trade futures

Weekly Futures Recap W/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.

Precious Metal Futures-- The precious metals today were lower across the board after rallying sharply higher in early trade only to reverse and sell off towards the closing bell finishing lower for the 1st time in 4 trading sessions finishing down $8 an ounce in the June contract at 1,454. There has been extreme volatility lately finishing higher by $60 dollars for the week bucking its bearish trend and as I've been stating in previous blogs I remain bearish the precious metals, however I do believe gold will remain choppy and try to consolidate the huge collapse that we saw last week. Continue reading "Weekly Futures Recap W/Mike Seery" →

Chart to Watch - Lean Hogs

Posted on by The INO.com Team

We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.

Today he is going to take a look at the technical picture of June Lean Hogs (CME_HE.M13.E).

I hope you are having a GREAT week !!!

Lean Hogs has been forming a base and looks to be on the verge of breaking out to the upside. Continue reading "Chart to Watch - Lean Hogs" →

Weekly Futures Recap W/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.

Precious Metal Futures-- Precious metals in New York this week had a wild ride to the downside with gold finishing up $1 an ounce this Friday afternoon at 1,393 and was up nearly $30 in early trade just to selloff near session lows and during the week sold off about $105 dollars since last Friday settling at 1,501 and traded as low as 1,335 hitting a new 2 year low and as I’ve been advising in previous blogs I remain very bearish the precious metals sector, however I do believe that the easy money has been made and you could chop around here for next couple of weeks due to the fact of such a dramatic selloff which was the worst selloff since 1983 as investors see no reason to own gold at this point in time despite the fact of easy monetary policies throughout the world. Continue reading "Weekly Futures Recap W/Mike Seery" →

Weekly Futures Recap W/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.

Cocoa Futures-- Cocoa futures in New York rallied  for the 2nd consecutive trading session settling in the July contract at 2257 trading above its 20 day moving average and now also above its 100 day moving average with excellent chart structure and in my opinion if you look at cocoa on the daily chart it has a nice grinding stair step pattern to the upside with a possible double bottom created at 2046 which was hit on 3 – 7 – 13 with the next major resistance at 2300 and if that is broken and I do believe there is a good possibility of prices hitting 2450 in the next 1-2 weeks while a bull market might be underway in cocoa prices. Continue reading "Weekly Futures Recap W/Mike Seery" →

Weekly Futures Recap W/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.

Coffee Futures--- Coffee futures in New York are trading higher for the 3rd consecutive session currently in the July contract at 142.70 a pound looking like a possible bottom may have been hit a couple weeks ago at 135 on the fact of possible crop production cuts in Vietnam and  Central America due to drought and rust which could consume up to 20 to 30% of next year’s crop while this year’s crop should be very large coming out of Brazil and that is one of the reasons why prices have been going lower right near a new 2 ½ year low. Many of the commodity markets in recent weeks have been heading lower as the U.S dollar has rallied but coffee seems to have stabilized here at this level and remember coffee traded above 300 a pound over 2 years ago and has really fallen out of bed so eventually I do think if you’re longer-term investor these prices are very attractive down at these levels. Continue reading "Weekly Futures Recap W/Mike Seery" →