Tag: seeryfutures.com

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 had a volatile trading week in New York still trading below their 20 and 100 day moving average settling last Friday at 16.83 while trading this afternoon at 17.30 spiking $.50 higher on Wednesday due to the fact that the Federal Reserve basically stated that they will continue to keep interest rates low for the foreseeable future sending the precious metals sharply higher, however they are unable to sustain those levels as silver prices are currently trading lower by 10 cents. If you took the original recommendation selling at 20.44 several months back continue to place your stop above the 10 day high which currently stands at 17.72 which is only about $.40 or $2,000 risk per contract at these price levels as the chart structure has improved dramatically allowing you to place tight stops minimizing monetary risk. Many of the commodity markets continue to move lower, however the U.S dollar reacted negatively to the Federal Reserve statements helping prop up silver prices but I do think the U.S dollar is in a long-term bull trend so I still look for lower silver prices ahead so continue to place the proper stop making sure you risk 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: OUTSTANDING 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 December contract settled last Friday at 17.53 currently trading at 16.75 down about $.30 in New York this Friday afternoon as the U.S dollar is up over 100 points this afternoon sending the precious metals sharply lower as silver has hit a 5 year low and if you took my original recommendation selling at the 4 week low of 20.44 continue to place your stop at the 10 day high which stands at 18.00 as the chart structure will improve on a daily basis. I remain very pessimistic silver prices and I do think that prices will continue their downtrend as the U.S dollar is very strong to the upside and I do not believe that trend is going to reverse so continue to sell rallies in this market placing the proper stop loss as the commodity markets in general over the last several months have been very pessimistic and I don’t think the bottom has occurred. Silver futures are trading far below their 20 & 100 day moving average continuing to grind lower as deflation in Europe and around the world is a real concern and that is also helping put pressure on prices here in the short term as nobody wants to step in front of a falling knife and that’s what’s occurring at this time as platinum prices are down another $45 this afternoon. I’ve been trading commodities for over 20 years and the one lesson I try to harp on is the fact that you must be a trend follower & the trend is to the downside because it’s easier to trade with the path of least resistance rather than trying to pick a top or bottom.
TREND: LOWER
CHART STRUCTURE: IMPROVING 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 are trading far below their 20 and 100 day moving average settling last Friday at 17.84 going out this Friday in New York around 17.55 finishing down about $.30 hitting a 4 1/2 year low as the U.S dollar continues to pressure silver and the rest of the precious metal complex. If you took my original recommendation several months back when prices broke 20.44 which was the 4 week low continue to place your stop above the 10 day high which currently stands at 18.85 and that will start to improve late next week as the chart structure will tighten up, but I still believe prices look vulnerable even at these multi-year lows. The trend is your friend in the commodity markets and the trend in the U.S dollar is clearly higher and that’s pessimistic all commodity prices, but if you have missed this trend sit on the sidelines as you have missed the boat as you do not want to chase markets that is why I like to find the trend as early as possible as my rule states a 4 week high or a 4 week low has to occur before entering.
TREND: LOWER
CHART STRUCTURE: IMPROVING 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 December contract continued their bearish trend down another $7 this afternoon in New York currently trading at 1,220 an ounce trading far below their 20 & 100 day moving average as I’ve been recommending a short position when gold prices broke 1,278 which was the 4 week low at the time and if you took that recommendation make sure you place your stop above the 10 day high as I think there’s a high probability that prices will retest December 31st 2013th low of 1,186 in the coming months. The U.S dollar continues to make new highs against the foreign currencies which is very pessimistic gold prices also due to the fact that the Federal Reserve is ending quantitative easing as there is very little bullish fundamental news as all the interest currently is in the S&P 500 which is hitting another all-time high so continue to play this to the downside and if you are not in this market on the short side sit on the sidelines and look for any rally to get short while placing your proper stop loss of 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: POOR 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 have been very volatile in the last couple of weeks as prices are up $.30 this Friday afternoon in New York currently trading at 93.15 a barrel in the October contract as I am now recommending a short position when prices closed below 92.50 earlier in the week while placing your stop loss above the 10 day high which currently stands at 96.00 a barrel risking around $3,500 per contract as the chart structure is awful at the current time but I still do believe that the trend is lower despite the fact that prices traded as low as 90.43 before rallying severely in the last couple of days. Crude oil prices are trading below their 20 & 100 day moving average as the U.S dollar continues to make new highs against the Euro currency and I think that will be the main factor of lower prices, however problems with Iraq in Syria are propping up prices once again but continue to play this to the downside and sell any rally making sure you use the proper stop loss as the 10 day high will start to come down dramatically on a daily basis starting next week so the risk reward situation will be better than it is at the current time. The 10 year note is hitting a 5 week high yielding 2.56% and that is also a negative influence on commodity prices as well as oil as the United States is becoming an exporter as we are not so reliant on Middle East oil and that’s why prices have not been skyrocketing due to the all ISIS nonsense which is now controlling 2 countries.
TREND: LOWER
CHART STRUCTURE: POOR Continue reading "Weekly Futures Recap With Mike Seery" →