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Unrest In Saudia Arabia Pushes Crude Oil Higher


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Crude Oil Futures---Crude oil futures in the December contract are basically unchanged this Thursday in New York currently trading at 56.85 a barrel experiencing a wild trading session in yesterday's trade which is a terrific thing to see experiencing about a $1.50 trading range as that used to be the norm as the commodity markets lately have come to a crawl, but volatility is starting to show signs of life.

I have been recommending a bullish position from around the 53.15 level & if you took the trade the stop loss in tomorrow's trade will be 53.75 as the chart structure has improved tremendously therefore lowering the monetary risk as unrest in the country of Saudi Arabia is starting to push prices higher coupled with the fact of tremendous worldwide demand towards all of the energy sector so stay long & place the proper stop loss.

The volatility in the energy sector and in many other commodities is starting to come to life as that is a great thing to see because the volatility in my opinion will be to the upside not to the downside as prices will start to catch up to the gains that we have experienced in the S&P 500 and the entire equity market so continue to play this to the upside as I will be looking at adding more contracts once the risk/reward and the chart structure improve which could be in next week's trade.

TREND: --HIGHER

CHART STRUCTURE: ---IMPROVING

VOLATILITY: INCREASING

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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