Tag: livestock futures

Chart to Watch - Live Cattle

Posted on by admin

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 October Live Cattle. (CME_LE.V13.E).

This week let's take a look at October Live Cattle futures.

When trading futures with the MarketClub system, we use the weekly MarketClub Trade Triangle to tell trend and the daily MarketClub Trade Triangle to time the trades.

Right now all three MarketClub Trade Triangles, monthly, weekly, and daily are pointing up which gives us the advantage of also having the monthly Trade Triangle pointing up, which is added confirmation that odds are with higher prices for Live Cattle right now. Continue reading "Chart to Watch - Live Cattle" →

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.

Grain Futures--- The grain market continues their bearish trend with soybeans higher by $.15 in early trade only to selloff & make new contract lows at 11.81 finishing right near session lows and as I’ve been instructing traders or investors for quite some time I do believe prices are headed substantially lower in the next 2 weeks due to the fact that the weather is outstanding especially if we can get some warmer weather which should really propel the crop even more. Corn futures continue to move lower once again finishing down $.03 in the December contract at 4.63 a bushel also at new contract lows as I’m hearing from many farmers around the country & they are expecting over 200 bushels an acre which could produce a record crop this fall. 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.

Grain Futures-- The grain market closed higher today with November soybeans up 25 cents to finish on the highs of the trading session at 13.30 a bushel all due to a sharply weaker U.S dollar this week with planting problems as well. Corn futures for the December contract were higher by 11 cents currently trading at 5.59 a bushel after filling the gap at 5.40 yesterday which I stated I thought prices would come back down and fill that important price level but corn still remains choppy. I am bearish the new crop soybeans & corn because I do think this weather is good for crop conditions in the long run with the weather improving in the Midwest with warmer temperatures and no rain in the forecast for several days. What a difference a year makes as last year we were basically 95° almost every single day while this year is extremely wet and cold which could push prices lower in my opinion. 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.

Precious Metal Futures--- The precious metals sold off this Friday afternoon with gold in the August contract continuing its choppy trade down $20 an ounce at 1,392 still stuck in a two-week sideways channel and as I’ve stated in previous blogs even after yesterday’s $20 up move I still remain bearish gold & I don’t understand any reason to be owning gold at this point in time and I do think a possible retest of 1,320 is in the cards in the next couple of weeks. Silver futures have been in a tight sideways channel down about $.50 at 22.21 still looking bearish in my opinion as the commodity markets as a whole are turning negative once again. The U.S dollar today was up about 45 points putting pressure on many commodities, however the dollar had 2 straight down days so today was considered profit taking but I still believe the U.S dollar is headed higher against the foreign currencies which will put pressure on the commodity markets in short term. Continue reading "Weekly Futures Recap W/Mike Seery" →