Weekly Futures Recap With Mike Seery

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 February contract settled last week in New York at 37.04 a barrel while currently trading at 33.33 down about $4 for the trading week hitting a 12 year low continuing its remarkable bearish trend. Oil prices have been very volatile as in Monday’s trade prices were sharply higher and then finished lower as there were concerns about Saudi Arabia and Iran causing crude oil prices to spike in early trade only to sell off sharply for the rest of the week as there seems to be no end in sight to where the bottom is. The problem with crude oil is China basically came out stating that their economy is definitely slowing down as that’s not only bearish crude oil or any commodities in general as there seems to be a worldwide slowdown occurring as even the stock market which has been incredibly resilient over the last several years is now starting to weaken dramatically. Continue reading "Weekly Futures Recap With Mike Seery"

Growing Profits in Forex Trading By Using Indicators

The guy sitting next to you at work making all that money trading currency does not have a special Forex crystal ball. What he is doing to ensure continued profits in his trades is reading indicators and then basing his currency trading moves on them. Once you adopt this practice, how to increase your Forex trading account will no longer seem like such a mystery.

What are Indicators?

Trading currency requires knowing when to buy and when to sell and the sooner the better. This requires studying charts to see how the pair you are trading moves under current circumstances. These movements are known as indicators, and once you master them you will become that same Forex fortune teller as the guy in the next cubicle.

Identifying the Type of Market

When looking at a chart, the first thing you are going to want to pick out is the type of market you are dealing with. This will help you in determining the type of indicator you are going to use. A trending market is when the price of the currency is moving steadily, either higher or lower. These can be seen by long lines heading in one direction. Ranging markets are noted by strong resistance and support levels, where even with sharp fluctuations the currency is not breaking through.

Moving Averages

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5 Must-Know Indicators - Technical Analysis For Beginners

Using Technical Analysis Indicators

Technical analysis is a method of examining past market data to help forecast future price movements. Using different tools, indicators, and charts, traders can spot important price patterns and market trends, and then use that data to anticipate a market's future performance.

Technical analysis is based around a market's price history, rather than the fundamental data like earnings, dividends, news, and events. The belief is that price action tends to repeat itself and the patterns can be identified and used to define a market's trend.

Since MarketClub offers a variety of chart studies that can be helpful in your technical analysis, I'd like to highlight several of the most popular technical indicators and how you can use them.

The Moving Average Convergence/Divergence (MACD) Indicator

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Spot High-Confidence Trading Opportunities Using Moving Averages

By Elliott Wave International

The moving average is a technical indicator which has stood the test of time. It's been 27 years since Robert Prechter described this vital tool in his famous essay, "What a Trader Really Needs to be Successful." What he said then remains true today: Continue reading "Spot High-Confidence Trading Opportunities Using Moving Averages"

Weekly Futures Recap W/Mike Seery

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"