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.

Crude Oil Futures

Crude oil futures in the December contract are down $1 at 81.00 a barrel trading far below their 20 and 100 day moving average settling last Friday at $82 down about $1.00 for the trading week hitting new multiyear lows as the oversupply situation continues to pressure prices to the downside. The chart structure in crude oil was terrible at the time of the breakout as I’ve been sitting on the sidelines, however I have not been recommending any type of bullish position in this market as I do think prices are headed lower and if you are short this market I would place my stop above the 10 day high which currently stands at 85.13 as the chart structure is improving dramatically on a daily basis as a strong U.S dollar and record U.S supplies continue to put pressure on prices here in the short term. The fact that prices don’t have the giant spike ups due to the fact of turmoil in the Mid-East is a great thing as the United States in my opinion does not rely on Mid East oil like we used to so continue to sell rallies while placing the proper stop loss at 85.13 which is around $4,000 or $4 from today’s price levels as there is a high possibility that prices will trade down to the $75 level or even lower especially if the supply situation increases over the next several months as we are entering the non-demand season of winter. Saudi Arabia last week announced that they will not cut production as they are trying to squeeze U.S refineries to slow down their production because of lower prices hurting margins, however it doesn’t seem to be working at the current time as the trend is your friend in the commodity markets so continue to short this market.
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.

Crude Oil Futures

Crude oil futures in the November contract had a wild trading week in New York currently trading at $83 a barrel after settling last Friday at 85.82 as prices actually breached the $80 mark before reversing in yesterday’s trade to settle down nearly $3 for the trading week. Crude oil futures are trading below their 20 day and $13 below their 100 day moving average telling you the trend is clearly bearish and if you are short this market place your stop above the 10 day high which currently stands at 90.75 and that stop will be lowered on a daily basis as I missed this market and am currently sitting on the sidelines as the chart structure was awful when the breakout occurred so I’m kicking myself at the current time. I definitely am not recommending any type of long position in crude oil as I think prices will continue to head lower especially with Saudi Arabia coming out stating that they will not cut production as they are looking for lower prices to squeeze U.S output as this market still has further to go in my opinion and 79.78 in yesterday’s trade will be retested once again so continue to take advantage of any rally making sure you place the proper stop loss also maintaining a proper risk management of 2% of your account balance on any given trade. Crude oil prices have dropped from $104 a barrel in late June to today’s price levels dropping over $20 or 20% as consumers will definitely benefit when they hit their local gas stations and that should also help improve the U.S economy. The fundamentals in crude oil are extremely bearish as worldwide supplies are extremely high while supplies here in the United States are at record highs so it’s very difficult to rally as we don’t have the spike up in price like we used to when Middle East conflicts erupted which is a good thing for the United States.
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.

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" →