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Mexican Peso Unchanged For Trading Week

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Mexican Peso Futures--- The Mexican Peso in the December contract settled last Friday at 5174 while currently trading at 5185 basically unchanged for the trading week as I have been recommending a short position over the last 2 months with an average price of around 5330 & if you took that trade continue to place the stop loss which was Thursday's high of 5238 as the chart structure is excellent due to the fact of low volatility.

The Peso is still trading below its 20 and 100 day moving average as the short-term trend is to the downside, however for the momentum to continue we have to break the October 27th low of 5127 & if that happens on closing basis I will be looking at recommending another short position to the downside.

The U.S dollar hit a 14 week high this Friday afternoon as that trend remains strong and looks to move slightly higher in my opinion, but I think the upside will start to be limited at these lofty levels as the Trump administration wants a weaker dollar to help exports and push commodity prices higher from these depressed levels so stay short the Peso & place the proper stop loss.TREND: LOWER CHART STRUCTURE: EXCELLENT

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

Skype Address: mseery TWITTER---@seeryfutures



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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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