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U.S. Dollar Solidly Lower Early

Tags: Market News
27 Aug 12:47pm
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CURRENCIES The September U.S. dollar index is trading solidly lower in early trading today on profit-taking pressure. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at 77.00 and then at the overnight high of 77.38. Shorter-term support is seen at this week's low of 76.67 and then at 76.50. Today's key near-term Fibonacci support/resistance level: 77.12. Wyckoff's Intra Day Market Rating: 4.5 The September Euro is higher...

Crude Oil Firmer as Gustav Looms

Tags: Market News
27 Aug 12:45pm
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Wednesday, August 27--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher crude oil and gold prices and a solidly lower U.S. dollar versus the other major currencies. * JIM'S MARKET THOUGHT OF THE DAY * The rest of this week, Hurricane Gustav will likely take center stage in the energy markets. Remember that crude oil is a key "outside market" for many other markets. Any higher volatility in the energy ...

Gold Lower in Early Trading

Tags: Market News
26 Aug 1:01pm
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GOLD Gold is lower in early dealings today. For December gold, shorter-term technical resistance is seen at $820.00 and then at the overnight high of $828.50. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $812.00 and then at $805.00. Today's key near-term Fibonacci support/resistance level: $819.00. Wyckoff's Intra-Day Market Rating: 4.0CRUDE OIL Crude oil prices are lower early today, as the bears have regained downside ...

U.S. Dollar Strong, Crude Oil Weak in Early Trading

Tags: Market News
26 Aug 12:59pm
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Tuesday, August 26--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are sharply lower crude oil prices and a solidly higher U.S. dollar versus the other major currencies. * JIM'S MARKET THOUGHT OF THE DAY * It looks like most raw commodity markets will be under selling pressure today amid the bearish "outside markets"--lower crude oil and a stronger U.S. dollar. Meantime, the Treasury market bulls are flexing ...

U.S. Dollar Near Steady in Early Dealings

Tags: Market News
25 Aug 1:07pm
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CURRENCIES The September U.S. dollar index is trading slightly higher in early trading today. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at the overnight high of 77.22 and then at last week's high of 77.56. Shorter-term support is seen at 76.75 and then at 76.50. Today's key near-term Fibonacci support/resistance level: 76.62. Wyckoff's Intra Day Market Rating: 5.5 The September Euro is slightly lower in early elect...

About

JimWyckoff

Jim Wyckoff has been involved with the stock, financial and futures markets for more than 20 years. He was born and raised in Iowa, where he still resides. Wyckoff became a financial journalist with Futures World News for many years, cutting his teeth as a reporter on the futures trading floors in Chicago and New York, where he covered every futures market traded in the United States at one time or another. Not long after he began his career in financial journalism, he began studying technical analysis. By studying chart patterns and other technical indicators, he realized this approach to analyzing and trading markets could level the playing field between “professional insiders” in the markets and individual traders. His extensive studies of technical analysis and knowledge of markets led to several positions, including chief technical analyst at several well-known companies. He says his mission is not just to generate profits for traders but to also provide them with educational and insightful information because, in the fascinating business of trading, one never stops learning. Wyckoff received a Bachelor of Science degree at Iowa State University, graduating in 1984 with a major in journalism and a minor in economics. He and his wife have two children, a son in high school and a daughter in college. When he’s not analyzing markets and educating traders, Wyckoff says he loves adventures, from driving a Jeep across the highest mountain pass in the continental United States to extreme winter camping in the Boundary Waters to hiking in the jungles of South America.