Tag: Futures Trading

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 February contract settled last Friday in New York at 1,257 while currently trading at 1,272 an ounce up about $15 for the trading week right near a 3-week high. I'm currently not involved in this market as the trend remains mixed. Gold prices are trading above their 20-day moving average but still far below their 100-day as this market remains extremely choppy as all the interest lies in the S&P 500 and the equity markets which hit all-time highs once again this week. Interest also lies in the Bitcoin cyber currency phenomenon, however that currency was down $6,000 this week as trading began on Sunday night at the CME. The U.S. dollar has experienced extremely low volatility over the last several weeks lending very little influence on gold prices, and I'm advising clients to avoid this market as we will see what 2018 brings. I'm not sure where prices are headed at the current time. In my opinion, I still think the path of least resistance is to the downside as we might retest recent lows around 1,238 as political tensions with North Korea have eased over the last several months. This is basically a technical trade at this time so look at other markets with a better potential and a much stronger trend as this market keeps flip-flopping on a daily basis which is difficult to trade successfully.
TREND: MIXED
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.

Crude Oil Futures

Crude oil futures in the January contract settled last Friday in New York at 57.36 a barrel while currently trading at 57.16 unchanged for the trading week as we enter the holiday markets which experience low volatility. I'm not involved in this market, and I had a bullish recommendation over the last couple months getting stopped out when prices hit the 2-week low. I am now sitting on the sidelines waiting for another trend to develop, but for the bullish momentum to continue we have to break the November 24th high of 59.05 and for the bearish momentum to continue we have to break the December 7th low of 55.82. Crude oil prices are trading right at their 20-day but far above their 100-day moving average as we still are in a longer-term bullish trend with strong worldwide demand for crude oil and the energy sector as a whole continues to keep prices near contract highs. Volatility in crude oil will certainly expand once 2018 comes about and I see sideways action for the rest of 2017. However, with worldwide economies improving, especially in the United States as the tax cuts certainly could spur demand next year, I think we could be probably trade in the $70 range at this time in 2018.
TREND: HIGHER - MIXED
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.

Crude Oil Futures

Crude oil futures in the January contract settled last Friday in New York at 58.36 a barrel while currently trading at 57.27 down about $1 for the week. I was recommending a bullish position from around the 53.15 level getting stopped out earlier in the week around 56.20 as prices hit a two week low as that is my exit strategy if I have a bullish position. Crude oil prices are still trading right at their 20-day but above their 100-day moving average as the trend is mixed to higher in my opinion as heating oil and unleaded gas are both ending the week sharply higher as strong demand continues to push prices near contract highs. The commodity markets, in general, this week saw some significant selling to the downside including crude oil over the last couple of days, and I think a lot of this is just year-end selling as my only trade recommendation at the current time is a bullish position in cotton as many trends are mixed. However, I do believe when we enter 2018 bullish trends across the board will come back as the U.S. economy certainly is improving. Volatility in crude oil has started to accelerate which is not surprising in my opinion, and I think volatility in all of the commodities is going to expand significantly next year as that has been the problem in 2017. We experienced have low volatility across the board including the stock market despite the fact that we are at all-time highs so sit on the sidelines & let's wait for another trend & the risk/reward to become in your favor once again as I still think higher prices are ahead.
TREND: MIXED - HIGHER
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.

Crude Oil Futures

Crude oil futures in the January contract settled last Friday in New York at 58.95 a barrel while currently at 57.81 down about $1 for the week unable to crack the critical $60 level at this time. I have been recommending a bullish position from the 53.15 level & if you took that trade place the stop loss come Monday at 55.75 as it will also improve on a daily basis, therefore, lowering the monetary risk as volatility remains relatively low despite the fact that prices are right at a two year high. Oil prices are trading above their 20 and 100-day moving average as the trend remains higher, but for the bullish momentum to continue, we have to break through the November 24th high of 59.05 as demand continues to support prices here in the short term. Couple that with the fact that the U.S. stock market hit another all-time high this week telling you that economies worldwide and in the United States are improving, therefore, increasing demand for oil in the short term. At the current time, crude oil is my only recommendation out of the energy sector, and I'm also keeping a close eye on natural gas which is experiencing high volatility presently. I'm looking for a possible bottom developing in that market soon.
TREND: HIGHER
CHART STRUCTURE: SOLID - IMPROVING
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.

Gold Futures

Gold futures in the December contract settled last Friday in New York at 1,274 an ounce while currently trading at 1,284 up about $10 for the trading week and right near a four week high. I will be recommending a bullish position if prices close above 1,290 while then placing the stop loss under the 10-day low standing at 1,269 risking $2,100 per contract plus slippage and commission as the chart structure is outstanding due to very low volatility. Gold prices are trading above their 20 & 100-day moving averages as the trend is to the upside and I am also looking at entering into a bullish silver position as the U.S. dollar is near a four week low helping push prices up here in the short term. Gold prices have gone nowhere over the last month or so with extremely low volatility, and I don't think that's going to last much longer so keep a close eye on this market to the upside. If you have been following any of my previous blogs you understand that I am bullish the commodity markets as they are very cheap compared to the U.S. stock market and I think the volatility will be to the upside not to the downside as demand will start coming back into these products.
TREND: HIGHER
CHART STRUCTURE: EXCELLENT
VOLATILITY: LOW
Continue reading "Weekly Futures Recap With Mike Seery" →