February crude oil closed down $0.20 at $79.45 a barrel yesterday. Prices closed near mid-range yesterday and closed at a fresh two-week low close. Crude oil bulls still have the overall near-term technical advantage, but are...
Read MoreFriday, January 15–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 versus the other major currencies....
Read MoreThursday, January 14–Jim Wyckoff’s Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are weaker gold prices and a firmer U.S. dollar index. JIM’S...
Read MoreMonday, January 11–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 and higher crude oil and gold prices....
Read MoreFebruary hogs closed up $0.72 at $65.43. February hogs gapped up and closed above the 10-day moving average crossing at 65.35 on Tuesday as it consolidated some of last Thursday’s decline. The high-range close sets the stage for...
Read MoreTuesday, December 29–Jim Wyckoff’s Morning Web Log Note: I am working a limited schedule this week. My friend and fellow trader/analyst Ken Seehusen is producing my reports. Ken’s style is different than mine,...
Read MoreOctober crude oil closed up $0.09 at $72.60 a barrel yesterday. Prices closed near mid-range yesterday. Crude bulls have the near-term technical advantage and this week have gained fresh upside momentum. The next downside price...
Read MoreENERGIESOctober crude oil closed down $0.04 at $68.01 a barrel today. Prices closed nearer the session low yesterday. Crude bulls and bears are on a level near-term technical playing field. The next downside price objective for...
Read MoreMETALSDecember gold futures closed up $22.00 at $978.50 yesterday. Prices closed near the session high and hit a fresh nearly three-month high today. A weaker U.S. dollar and some increased investor uncertainty boosted gold...
Read MoreSoy Complex, Grain Futures By Jim Wyckoff NOVEMBER SOYBEANS November soybeans on Friday closed higher, nearer the session high and closed at a bullish weekly high close. Bulls have regained the near-term technical...
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