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Crude Opens Higher On Night Session


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Crude Oil Futures--- Crude oil futures in the December contract are currently trading higher by $0.23 at 54.13 a barrel on the Sunday night session as volatility has come back into this market as we finished up over $1.25 last Friday as I have been recommending a bullish position from around the 53.15 level & if you took that trade continue to place the stop loss below the 2 week low of 50.87 as the chart structure will not improve for another 5 trading sessions.

Oil prices have now hit a 6 month high as unleaded gas & heating oil are slightly higher on the night session as well continuing their bullish momentum as this entire sector is riding the coattails of the stock market which continues to move higher on a weekly basis hitting another all-time high last week and & if you're not involved in this market wait for some type of price retracement before entering therefore lowering the monetary risk.

Oil prices are still trading far above their 20 and 100 day moving averages as the next major level of resistance is around the $55 level which could be tested this week as prices will react off of several reports which will be released over the next several days.TREND: HIGHERCHART STRUCTURE: SOLID

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 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

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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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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