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I Am Bearish Soybean Meal !
Saturday, September 15, 2018

Soybean Meal Futures--- Soybean meal futures in the December contract settled last Friday in Chicago at 317.0 while currently trading at 310.0 down about 600 points for the week continuing its bearish momentum as I think prices historically speaking look very expensive compared to the rest of the grain sector.

If you are bearish soy meal I would sell at today's level while placing the stop loss at the 10 day high standing at 321 risking around 1,100 per contract plus slippage and commission as the risk/reward are in your favor, however I am recommending short positions in corn, soybeans, & soybean oil as I do not want to over load to many positions in 1 sector.

The down trend line remains intact to the downside as this recent kick back in price was due to short covering in my opinion so play this to the downside as supplies are massive at the present time coupled with the fundamental fact of weak demand as harvest is coming upon us in the next couple of weeks which will bring huge supply onto the market..

TREND: LOWER

CHART STRUCTURE: EXCELLENT

VOLATILITY: LOW

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

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About the author

Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.

Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.

To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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