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Crude Oil Breaks 3 Day Winning Streak

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Crude Oil Futures--- Crude oil futures in the January contract are breaking a 3 day winning streak down 77 cents at 58.15 a barrel weaker despite the fact that the products of heating oil & unleaded gasoline are higher in today's trade reversing some of the sharp gains we experienced last week.

I have been recommending a bullish position from the 53.15 level and if you took the trade continue to place the stop loss at 55.00 as the chart structure will start to improve in Thursday's trade therefore lowering the monetary risk as I think today is blamed on profit taking due to the recent run-up in prices. Oil is still trading above its 20 and 100 day moving average as this trend remains strong due to worldwide demand for this commodity coupled with improving economies & low unemployment in the United States as I think this trend could continue as we might be trading in the low 60s relatively soon in my opinion.

At the present time this is my only recommendation out of the energy sector, but I do have several bullish recommendations in many different sectors as I think the commodity markets look cheap compared to the U.S stock market which is hitting another all-time high in today's trade so continue to place the proper stop loss as 2nd guessing is the kiss of death in my opinion over the long haul.




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

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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