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.

Natural Gas Futures

Natural gas futures in the June contract settled last Friday in New York at 2.77 while currently trading at 2.72 experiencing extremely low volatility. I have been recommending a bullish position over the last couple weeks from the 2.83 level and if you took the trade continue to place the stop loss which is just an eyelash away at 2.70 on a closing basis only. The energy sector has caught fire in today's action as oil has hit a fresh multi-year high but is having very little impact on natural gas prices as mild temperatures throughout the Midwest are curbing demand at this time, but stay long and do not second guess as this was a low-risk trade to begin with. Natural gas prices are now trading under their 20 and 100-day moving average as the trend is mixed, and if we are stopped out, we could be involved relatively soon again as the chart structure is outstanding. I remain bullish this commodity. However, we must have an exit strategy when you trade the commodity markets. Volatility in natural gas should start to expand as we enter the hot summer months as this has been stuck in the mud over the last several months as I still think historically speaking prices look cheap.
TREND: MIXED - LOWER
CHART STRUCTURE: EXCELLENT
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.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 17.16 an ounce while currently trading at 16.45 hitting a two week low finishing down about $0.70 for the trading week all due to the fact that the U.S. dollar hit a four-month high today putting pressure on the whole precious metal sector. I had been recommending a bullish position from the 16.85 level getting stopped out in yesterday's trade. That was disappointing as I truly thought silver prices had broken out, but the strength in the dollar really put the kibosh on this trade so I will sit on the sidelines and wait for another trend to develop. Silver prices are now trading below their 20 and 100-day average as the short-term trend is lower, however, it really is mixed as we continue to trade between 16/17 over the last several months as the volatility has picked up which is a good thing to see. I will not give up on this commodity as I still think we will be trading in the $20 range come year end, but at the current time, we are range bound. Presently I do not have any trade recommendations in the precious metals as they all remain on the defensive as they will bottom out soon in my opinion. Look at other markets that are beginning to trend as I hate to trade choppy markets as they are very difficult to trade successfully.
TREND: MIXED
CHART STRUCTURE: POOR
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 June contract settled last Friday in New York at 67.33 a barrel while currently trading at 68.35 up about a $1 for the trading week hitting a 3 1/2 year high & in yesterdays trade prices went up as high as 69.55 before profit-taking ensued. I'm currently not involved in this market as the chart structure is terrible as the 10 day low stands at 62.01 as the monetary risk is too high, however, I am certainly not recommending any type of short position as this trend is strong as the fundamental and technical picture remains bullish. Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion. Crude oil prices are clearly trading above their 20 and 100-day moving average as this has now become one of the strongest trends in 2018 as I think this will start to support the precious metals and the agricultural market down the road. I'm looking at a commodity rally to finish out the 2nd half of 2018 as the Trump tariffs talks have finally subsided and I do think that the U.S. dollar which remains choppy at the current time will drift lower in the future helping supporting prices.
TREND: HIGHER
CHART STRUCTURE: POOR
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.

10-Year Note Futures

The 10-year note in the June contract was basically unchanged for the trading week at 121/02 and has been going sideways over the last couple of months as traders are looking for some fresh fundamental news. I have been recommending a bearish position from the 120/18 level and if you took the trade continue to keep the stop loss at 121/18 as the original risk was around $1,000 per contract plus slippage & commission as the yield on the 10-year note is at 2.82%, and volatility remains very low. The U.S. stock market has experienced incredible volatility this week, and when the stocks are sharply lower the notes rally and vice versa as yesterday, we had a 700 point reversal in the Dow Jones. I'm still negative the entire bond sector as I think the yields are way too low as the United States experienced a 2.9% GDP number last quarter which is very solid. The 10-year note is trading right at its 20-day but still below its 100-day moving average as the trend is mixed. I still think prices will crack the 3% level in the weeks ahead so stay short & continue to place the proper stop loss as I still believe the risk/reward are in your favor as the longer-term downtrend line remains intact.
TREND: MIXED - LOWER
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.

Silver Futures

Silver futures in the May contract settled last Friday in New York at 16.27 an ounce while currently trading at 16.60 up about 33 cents for the trading week still stuck in a six week consolidation as prices continue to flip-flop on a daily basis. I am not involved in silver at this time, but I'm looking at a bullish position if prices break 16.89 as the chart structure is solid, therefore, the risk/reward would be in your favor. Volatility has started to increase this week as prices reacted positively off of the Federal Reserve announcement on interest rates earlier in the trading week. Silver prices are trading above their 20-day but still below their 100-day moving average which stands at 16.78 as that is also acting as resistance so be patient and wait for the breakout to occur. The U.S. dollar continues to trade in a sideways manner over the last several months and is lending very little support to silver. I think the Trump tariffs are pushing up the precious metals at this time as they are used as a flight to quality and if you have read any of my previous blogs you understand that I think historically speaking silver is very cheap. I do think prices are in a bottoming pattern with major support at the $16 level.
TREND: MIXED
CHART STRUCTURE: SOLID
VOLATILITY: INCREASING
Continue reading "Weekly Futures Recap With Mike Seery" →