Tag: risk management

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 5 month low this week in New York finishing higher this Friday afternoon at 96.95 up around $.1.40 as I have been recommending a short position in crude oil for quite some time and if you took that recommendation when the breakout occurred around 98.70 make sure you place your stop at the 10 day low which also stands at 98.70 as prices have been pretty nonvolatile in the last week or so except for Thursday’s trade when oil finished down over $2 as the U.S dollar is pressuring crude oil and many other commodity prices to the downside. The next major level of support is around 94.50 a barrel and if that level is broken I think there’s a possibility prices trade as low as $90 as the U.S government wants oil prices to go lower due to the fact that Russia’s economy relies on high oil prices so if prices drop dramatically Russia’s economy goes in the tank and with all the sanctions against them that could change the current situation with Putin. Crude oil futures are trading below their 20 and 100 day moving average so continue to play this to the downside as the chart structure is outstanding and take advantage of any rally making sure that you use a proper stop loss and proper money management techniques to limit your loss to 2% of your account balance on any given trade.
TREND: LOWER
CHART STRUCTURE: EXCELLENT Continue reading "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 September contract finished basically unchanged for the trading week to close around 97.60 and I have been recommending a short position when prices broke 98.70 last week while placing your stop loss now above the 10 day high which is 102.10 risking around $4.00 or $2,000 per contract as the chart structure will improve dramatically in the next 2 days so if you’re lucky enough to get a rally in tomorrow’s trade take advantage will placing the proper stop loss minimizing your risk to 2% of your account balance. Many of the commodity markets were lower again today due to the fact that the U.S dollar hit a new 6 month high and I still do believe that the federal government wants lower oil prices because Russia’s economy is based on high oil prices and there’s no better way to hurt the Russians than push crude oil back down to $80 a barrel so continue to sell this market as I remain bearish. Crude oil futures are trading below their 20 and 100 day moving average with the next major support around 96.50 if that level is broken I think you will retest the March lows of around 94.25 so continue to play this to the downside.
TREND: LOWER
CHART STRUCTURE: Improving Continue reading "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.

Silver Futures

Silver futures in the September contract are settling around 20.40 an ounce finishing down about $.25 for the trading week while still trading below their 20 but above their 100 day moving average hitting a 5 week low and if you are currently bearish silver I would sell at today’s price while placing my stop above the 10 day high which is 21.12 risking around $.50 or $2,500 per contract as the chart structure is outstanding currently. Many of the commodity markets are going lower because of the U.S dollar hitting a 6 month high against the Euro currency as I think that trend is going to continue here in the short term. The volatility in silver is extremely low at the current time and I would assume with all the worldwide problems that volatility will start to increase however prices still look weak in my opinion as the Federal Reserve is cutting back on the quantitative easing which is also a negative influence on precious metals prices as the fundamentals currently are neutral to weak.
TREND: LOWER
CHART STRUCTURE: EXCELLENT

Continue reading "Weekly Futures Recap With Mike Seery" →