DeCarley Trading - Futures, Options, Integrity

DeCarley Trading strives to offer the highest quality futures and options brokerage services at competitive rates. Whether you prefer trading online via a state-of-the-art trading platform, or with an experienced commodity broker, we are confident DeCarley is capable of exceeding your expectations.

Full- Service

Beginning traders are recommended to take advantage of the benefits of full service in order to gain orientation of the markets and trading in general.

Broker Assisted

If you are a relatively experienced futures and options trader but would like to have access to a broker, you may want to consider a broker assisted account.


Are you an experienced trader? If so, you may not need a broker; nor do you need to pay for service that you won't use. If this is you, save yourself some money and go for this option!


Self-Directed Pro

If brokers and commissions just get in your way, this is the plan for you. The Pro plan is reserved for those with ample account funding and trading experience to require minimal broker attention.

Managed Futures

Studies suggest traditional stock and bond portfolios can be improved with the addition of managed futures, let us help to determine if portfolio diversification makes sense for you.


We are partnered with a system vendor who has conducted due diligence on a handful of system developers, and over 300 systems, which have proven to be relevant.



Continuation pattern in gold futures suggests $1,340 could be in play

After posting one of the largest monthly gold futures rallies seen in several years, the precious metal has been confined to consolidation. During this time, the price of gold has been as high as $1,280 and as low as $1,200, which has surely been enough volatility to scare out weak handed bulls, and shake out the feeble bears. Unfortunately, pain on both sides of the trade is necessary for true price discovery. Nevertheless, once the dust settles there will likely be a breakout; conventional wisdom says that breakout will be to the upside.


gold futures chart april 2016
The weekly chart of gold futures depicts the consolidation wedge pattern nicely. It also suggests the price of gold has held support marked by the previous resistance trend line. This is typically a very bullish sign; false breakouts generally fail to hold such support and fall back into the previous trading range. In short, this rally probably hasn’t run its course yet.

Technical oscillators such as the RSI (Relative Strength Index) are no longer overbought. At a value of 60, there is no inference that gold is “cheap”, but there is an inclination that the door is open for another leg to the rally before the market can be deemed overvalued again. In my estimation, a breakout of the wedge to the upside (over $1,265), “should” provide the momentum needed to test the July 2014 highs near $1,340.

Obviously, the Federal Reserve monetary policy, or more importantly the currency market’s reaction to that policy, will play a large role in determining whether or not gold follows the chart pattern. Accordingly, we took a look at the weekly chart of the U.S. Dollar Index, and came to a similar conclusion. Not surprisingly, the dollar chart is revealing a similar digestive configuration which could be pointing toward continued weakness (the opposite of what a gold chart is proposing). The June dollar is currently hovering near 94.30; a continuation of the downswing should put prices closer to 93.00, which represents long term support for the dollar.

dollar index futures chart april27

Assuming our analysis regarding a move to $1,340 in gold is accurate, we do believe the upside will be limited to that general price area for the time being. Weak seasonal pressures for gold and bullish seasonality in the dollar tends to materialize in May. Additionally, large speculators are starting to amass a rather large net long position in gold, soon we might be an environment in which most of the bulls are already in the market. Thus, there could be a pause in the gold rally and dollar slide once the technical targets of $1,340 and 93.00 are reached.

 **There is substantial risk of loss in trading commodity futures, options, ETFs.  Seasonal tendencies are already priced into market values.

Futures and Options Trading Booksby Carley Garner

What People are Saying about Our Commodity Trading Books

Choosing a Futures Broker and Brokerage Service

Full-Service or Online Trading?

The decision to trade online or through a full-service commodity broker will undoubtedly make a large impact on your bottom line.

Learn More

A Fair Commission Rate vs. Low Commission

To look at commission rates objectively, we must understand the background of the futures industry and how brokerages accept risk for fees.

Learn More

Choosing a Commodity Brokerage Firm

Deciding on a commodity brokerage firm is a significant decision and shouldn’t be taken lightly. Not all traders and brokers are compatible.

Learn More

Choosing a Futures and Options Broker

Most traders in search of a futures broker are concerned primarily with trading platforms, commission, and quality guidance.

Learn More

The Truth about Futures Commission

The goal of futures trading should be to MAKE money, not SAVE it! Discount commodity brokers cut corners that cost their clients time & money.

Learn More

Commodities via Futures or ETFs?

A key difference to trading commodity futures over ETFs is leverage, but there is more to discuss, such as taxes, market hours, and efficiency.

Learn More