Tag: risk management

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 August contract settled last Friday in New York at 48.56 a barrel while currently trading at 47.71 down about $1 for the trading week while selling off $2.50 this Friday afternoon. The U.S dollar is up over 200 points putting pressure on oil and the commodity sector as a whole. Crude oil prices are trading below their 20 day but still above their 100-day moving average telling you that the short-term trend is mixed as I’m currently sitting on the sidelines looking for a possible short entry in next week’s trade. Crude prices are retesting last week’s low as a possible top has been created as the Brexit situation is spooking many different markets including stock markets around the world as demand could start to wane over the next several months. The commodity markets do not like uncertainty and no one really knows how this Brexit situation will develop, but I always look at risk/reward scenarios as I do think prices may have topped out in the short-term so be patient and wait for the entry criteria to come about. 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 July contract settled last Friday in New York at 49.07 while currently trading at 47.15 a barrel down about $2 for the trading week all based on Great Britain leaving the EU, therefore, sending oil prices lower. Crude oil prices are trading below their 20 but still above their 100-day moving average telling you that the short-term trend is mixed as prices are hovering right near a 6 week low as I don’t like to trade choppy markets. At the current time, I’m sitting on the sidelines waiting for better chart structure to develop as I just don’t know where prices are headed so look at other markets that have stronger trends like the soft commodities. Last week rig counts actually increased for the first time in several months because of the fact that crude oil hit $50, so production is coming back online as that is the problem with this market as the higher prices go, the more production occurs sending prices lower. I think we will remain choppy until the Brexit situation is resolved which is still over a week away. 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 September contract settled last Friday in New York at 16.41 an ounce while currently trading at 17.35 up about 95 cents for the trading week. I’m now recommending a bullish position while placing the stop loss under the 10 day low which stands at 15.89 risking around $1.50 or $1,500 per mini contract plus slippage and commission as the chart structure will start to improve early next week. Silver prices are trading above their 20 and 100-day moving average telling you that the short-term trend is higher as interest rates around the world are hitting historic lows sending shockwaves into many markets especially the bond sector as traders are now interested in the precious metals once again as gold prices have surged as well. Negative interest rates around the world are starting to make investors skittish as they are looking for a place to hide money and that at the current time is the precious metals. I do think gold and silver prices 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 July contract settled last Friday in New York at 49.33 a barrel while currently trading at 49.00 basically unchanged for the trading week continuing its nonvolatile action still hovering right near the $50 level. Crude oil prices are trading above their 20 and 100-day moving average telling you that the short-term trend is still higher as I've been sitting on the sidelines in this market as I'm possibly looking at a short position in the next week or two as the chart structure is outstanding as prices are stuck in a three-week channel. As a trader I look for risk/reward to be in your favor with outstanding chart structure as that is starting to develop in the crude oil market but at this point you have to be patient and wait for the downtrend to develop as OPEC announced yesterday that they were leaving production unchanged. Generally speaking 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 July contract settled last Friday in New York at 48.41 a barrel while currently trading at 48.91 up about $.50 for the trading week still right near a 7 month high. I have been sitting on the sidelines in this market as I missed this trade to the upside and I do not like to chase markets so I will look at other trades that are beginning to trend. Oil prices are trading far above their 20 and 100-day moving average telling you that the short-term trend is higher because of production disruptions in the country of Nigeria coupled with the fact that Canada has also had problems in the province of Alberta sending prices above $50 in Thursday's trade only to come back on profit taking. The interesting thing to see is if rig counts start to increase as they have continually gone down over the last several months, but now that prices are near $50 it might be profitable to start production once again as time will tell if that situation develops. Continue reading "Weekly Futures Recap With Mike Seery" →