Precious Metal Futures--- The precious metals are mixed today with gold futures for the June contract down $7 dollars an ounce currently trading at 1, 638 while silver futures in early trade in New York are down only 21 cents an ounce trading at 30.22 looking to possibly retest Friday's low of 29.73. Many of the commodity markets and stock markets around the world are lower due to the French elections where Socialist Francois Hollande defeated Nicolas Sarkozy increasing concerns by many that the new government may try and weaken a German led austerity plan pushing the Euro currency to a three-month low against the U.S dollar. Copper futures are unchanged this morning trading right around 372.25 a pound rallying more than 600 points from last night's low. Today will be a very volatile market with many of the commodities and stock markets lower in early trade due to the French elections causing shockwaves throughout many of the stock markets worldwide while causing commodity prices to plunge last night probably overreacting with crude oil down over $3 dollars a barrel at one point, however many of the commodities have rallied from last night's low.
If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.
Energy Futures--- Energy futures this morning are lower across the board due to the French elections causing many of the stock markets and commodity markets around the world to open lower in early trade with crude oil down 80 cents a barrel in the June contract currently trading at 97.60 far from last night's low of $95.34 which was down over $3 dollars a barrel on concerns that the new government in France might try and weaken a German led austerity plan causing the U.S dollar to rally against the foreign currencies this morning. Heating oil futures in the June contract are only down 115 points currently trading at 2.9975 a gallon still continuing its bearish trend, however over 400 points higher from session lows last night. Unleaded gasoline for the June contract is basically unchanged for the trading day currently at 2.9772 a gallon also rallying over 600 points from last night's low which was a new fresh 15 week intraday low. Natural gas futures are trading very quietly in New York today in the June contract up four points currently at 2.32 and still over 33 points from its contract low of just two weeks ago. Look for extreme volatility in the energy sector today with the bearish trend continuing and in my opinion last night I think things were overdone to the downside due to the French election, however today will be an extremely volatile trading session and we will see how the commodities and the stock markets close at the end of the day. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.
Grain Futures--- The grain futures this morning are open up slightly lower in sympathy with the rest of the commodity sectors due to pessimism over the French elections which elected a socialist increasing concerns by many that the new government may try and weekend a German led austerity plan which is causing the commodity markets to be lower as well as stock markets with July soybeans closing on the night session down 7 cents currently at 14.71 while corn futures were only down two cents the July contract at 6.08 a bushel. Wheat futures were unchanged for the night session finishing right at 6.04 looking to break that six dollar mark in today's trading. I do expect high volatility in the grain market this afternoon as well as all the commodity markets when you start receiving news that affects an entire continent you will see large swings in prices. The contract high in the July soybeans as 15.12 which happened last week before reversing down the current prices looking to support around 14.50 a bushel if it breaks that a possible top may be in place in the short term. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.
If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.
Energy Futures--- Energy futures this morning are lower across the board due to the French elections causing many of the stock markets and commodity markets around the world to open lower in early trade with crude oil down 80 cents a barrel in the June contract currently trading at 97.60 far from last night's low of $95.34 which was down over $3 dollars a barrel on concerns that the new government in France might try and weaken a German led austerity plan causing the U.S dollar to rally against the foreign currencies this morning. Heating oil futures in the June contract are only down 115 points currently trading at 2.9975 a gallon still continuing its bearish trend, however over 400 points higher from session lows last night. Unleaded gasoline for the June contract is basically unchanged for the trading day currently at 2.9772 a gallon also rallying over 600 points from last night's low which was a new fresh 15 week intraday low. Natural gas futures are trading very quietly in New York today in the June contract up four points currently at 2.32 and still over 33 points from its contract low of just two weeks ago. Look for extreme volatility in the energy sector today with the bearish trend continuing and in my opinion last night I think things were overdone to the downside due to the French election, however today will be an extremely volatile trading session and we will see how the commodities and the stock markets close at the end of the day. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.
Grain Futures--- The grain futures this morning are open up slightly lower in sympathy with the rest of the commodity sectors due to pessimism over the French elections which elected a socialist increasing concerns by many that the new government may try and weekend a German led austerity plan which is causing the commodity markets to be lower as well as stock markets with July soybeans closing on the night session down 7 cents currently at 14.71 while corn futures were only down two cents the July contract at 6.08 a bushel. Wheat futures were unchanged for the night session finishing right at 6.04 looking to break that six dollar mark in today's trading. I do expect high volatility in the grain market this afternoon as well as all the commodity markets when you start receiving news that affects an entire continent you will see large swings in prices. The contract high in the July soybeans as 15.12 which happened last week before reversing down the current prices looking to support around 14.50 a bushel if it breaks that a possible top may be in place in the short term. If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.