Sign inRecent Commentaries tagged (crude-oil)
Energies Market Commentary
April crude oil closed up $0.11 at $82.20 a barrel yesterday. Prices closed near the session high yesterday. Crude oil bulls have the solid overall near-term technical advantage. However, recent history has shown that as prices approach $85.00 a barrel, rallies do peter out. The next upside...
Jim Wyckoff's Morning Blog--Friday
Friday, March 12--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are a lower U.S. dollar index and higher crude oil prices. JIM'S MARKET THOUGHT OF THE DAY * The grain futures markets have been under selling
Jim Wyckoff's Morning Blog--Thursday
Thursday, March 11--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in quieter overnight/early morning trading today is weaker U.S. stock index futures prices. JIM'S MARKET THOUGHT OF THE DAY * The U.S. dollar index continues to trade in a sideways and...
Chart Presentation: The 12 Month Lead
The question today is whether the long end of the Treasury market is actually leading the short end- and hence the Fed- by close to a year. Below we compare the U.S. 30-year T-Bond futures and 3-month eurodollar futures with the charts shifted or offset by one year. The argument is that the peak...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, March 10--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are firmer crude oil and gold futures prices. JIM'S MARKET THOUGHT OF THE DAY * Most agricultural commodity futures markets have price...
Chart Presentation: Visual Representation
We are going to concentrate on a couple of similarities to the post-1990 markets on the first two pages today. Below is a comparison between the U.S. 30-year T-Bond futures and the ratio between crude oil and natural gas futures from July of 1990 through December of 1991.One of our arguments in...
Stock Market: some mixed signals noted…but still mostly bullish.
Stock Market: some mixed signals noted…but still mostly bullish. NASDAQ Composite/S&P 500 Relative Strength Ratio rose above 9-year highs while absolute price of the NASDAQ rose above 18-month highs. Consumer Discretionary Stock Sector Relative Strength Ratio (XLY/SPY) rose further above 4-year...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, March 9--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a stronger U.S. dollar index and lower crude oil and gold futures prices. JIM'S MARKET THOUGHT OF THE DAY * Crude oil prices are under selling...
Chartwhiz Weekly Energy Report-3.8.10
Crude oil prices topped $82.00 last week for the first time since Jan 11 as the market trended higher throughout the week after initially dropping to $78.00 on Monday. April crude oil rounded off the week up more than 2% closing at $81.50. The advance in oil was led by dollar weakness, strong...
Jim Wyckoff's Morning Blog--Monday
Monday, March 8--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There is no standout market feature in quieter overnight/early morning trading today. JIM'S MARKET THOUGHT OF THE DAY * Trading in the U.S. dollar index and Euro currency futures has turned more sideways and...
Energies Market Commentary
April crude oil closed down $0.56 at $80.31 a barrel yesterday. Prices closed near mid-range yesterday. Price pressure came from a stronger U.S. dollar and lower gold prices yesterday. Crude oil bulls still have the overall near-term technical advantage. The next upside price objective for the...
Jim Wyckoff's Morning Blog--Friday
Friday, March 5--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There is no standout market feature in quieter overnight/early morning trading today, as traders await this morning's important U.S. jobs data. JIM'S MARKET THOUGHT OF THE DAY * Commodity traders, an excellent...
Jim Wyckoff's Morning Blog--Thursday
Thursday, March 4--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There is no standout market feature in quieter overnight/early morning trading today. JIM'S MARKET THOUGHT OF THE DAY * Crude oil has pushed above $80.00 a barrel this week. Prices are in a four-week-old...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, March 3--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are firmer crude oil prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * With the recent news from Europe, regarding the
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, March 2--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is firmer U.S. stock index futures. JIM'S MARKET THOUGHT OF THE DAY * After a significant downside correction, the U.S. stock indexes are once again...
