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.

Gold Futures

Gold futures in the December contract continued their bearish trend down another $7 this afternoon in New York currently trading at 1,220 an ounce trading far below their 20 & 100 day moving average as I’ve been recommending a short position when gold prices broke 1,278 which was the 4 week low at the time and if you took that recommendation make sure you place your stop above the 10 day high as I think there’s a high probability that prices will retest December 31st 2013th low of 1,186 in the coming months. The U.S dollar continues to make new highs against the foreign currencies which is very pessimistic gold prices also due to the fact that the Federal Reserve is ending quantitative easing as there is very little bullish fundamental news as all the interest currently is in the S&P 500 which is hitting another all-time high so continue to play this to the downside and if you are not in this market on the short side sit on the sidelines and look for any rally to get short while placing your proper stop loss of 2% of your account balance on any given trade.
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.

Crude Oil Futures

Crude oil futures have been very volatile in the last couple of weeks as prices are up $.30 this Friday afternoon in New York currently trading at 93.15 a barrel in the October contract as I am now recommending a short position when prices closed below 92.50 earlier in the week while placing your stop loss above the 10 day high which currently stands at 96.00 a barrel risking around $3,500 per contract as the chart structure is awful at the current time but I still do believe that the trend is lower despite the fact that prices traded as low as 90.43 before rallying severely in the last couple of days. Crude oil prices are trading below their 20 & 100 day moving average as the U.S dollar continues to make new highs against the Euro currency and I think that will be the main factor of lower prices, however problems with Iraq in Syria are propping up prices once again but continue to play this to the downside and sell any rally making sure you use the proper stop loss as the 10 day high will start to come down dramatically on a daily basis starting next week so the risk reward situation will be better than it is at the current time. The 10 year note is hitting a 5 week high yielding 2.56% and that is also a negative influence on commodity prices as well as oil as the United States is becoming an exporter as we are not so reliant on Middle East oil and that’s why prices have not been skyrocketing due to the all ISIS nonsense which is now controlling 2 countries.
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.

Crude Oil Futures

Crude oil futures in the October contract are currently trading sharply lower this Friday afternoon in New York at 93.10 a barrel after settling last Friday around 96 in an extremely volatile trading week as we had a $3 dollar down move and a $3 dollar up move before selling off once again because of the surging U.S dollar which continues to pressure commodity prices. I am currently sitting on the sidelines after getting stopped out last Friday and if prices break 92.50 I would be recommending another short position while placing your stop loss above the 10 day high of 96 risking around $3.50 per contract or $3,500 risk as the chart structure is very poor currently. Problems with ISIS the terrorist group are not supporting prices as you would think as the world is awash with crude oil supplies as the tug of war continues between the bulls and bears however prices still look very vulnerable to the downside as the trend in the U.S dollar will continue to the upside in my opinion.
TREND: MIXED
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.

Crude Oil Futures

Crude oil futures hit a 2 week high today trading up $1.30 a barrel at 95.85 as tensions with Russia continue to prop up prices as I have been recommending a short position but it’s time to move on and look for another market as this trade hit a 10 day high today so if you took my short recommendation it’s time to exit and move on in my opinion. As a trader you must have an exit strategy and my exit strategy is if I’m short I place my stop at the 2 week high so currently sit on the sidelines and wait for a better trend to develop as this trade was disappointing but was pretty neutral but I do believe that over supplies eventually will continue to push prices lower but there is so much chaos going on in the Middle East at this point pushing prices higher so let’s wait for some better chart structure to develop as we might consolidate in the next several weeks so wait for another trend to develop as I like trading the crude oil market because sometimes the risk reward situation is highly in your favor since crude oil is a highly volatile commodity.
TREND: NEUTRAL
CHART STRUCTURE: SOLID 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 October contract down are $.30 this Friday afternoon currently trading at $93.60 a barrel finishing down about $1.50 for the trading week and I’m still recommending a short position in crude oil placing your stop above the 10 day high which on Monday’s trade will be at 97.10 risking around $4 or $4,000 per contract as the trend seems to be getting stronger to the downside as the U.S dollar is pressuring commodity prices hitting an 11 month high against the Euro currency this afternoon. The chart structure in crude oil will improve dramatically in the next several days so be patient as prices are still trading below their 20 and 100 day moving average dropping around $12 in the last 3 months as world supplies are extremely large at the current time and my theory states that the United States government wants to hurt Russia and the one way to hurt Russia’s economy is by pressuring oil prices as Russia’s economy is basically based on high energy prices so continue to play this to the downside as I think we will crack $90 a barrel in the next couple of weeks.
TREND: LOWER
CHART STRUCTURE: IMPROVING Continue reading "Weekly Futures Recap With Mike Seery" →