He runs the investing group The Hecht Commodity Report , one of the most comprehensive commodities services available. It covers the market movements of 20 different commodities and provides bullish, bearish and neutral calls; directional trading recommendations, and actionable ideas for traders. Learn more The Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market mov ...

The Hecht Commodity Report is one of the most comprehensive commodities reports available today from a top-ranked author in commodities, forex, and precious metals. My weekly report covers the market movements of over 29 different commodities and provides bullish, bearish, and neutral calls, directional trading recommendations, and actionable ideas for traders and investors.He runs the investing group The Hecht Commodity Report , one of the most comprehensive commodities services available. It covers the ma ...

Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and analyst [1][2] - He has covered all futures markets traded in the U.S. and has worked with various news and advisory services [1][2] Company and Industry Summary - Jim Wyckoff operates an analytical, educational, and trading advisory service called "Jim Wyckoff on the Markets" [2] - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He provides daily market roundups and technical analysis on Kitco.com [3]

Core Viewpoint - The analysis focuses on the performance and trading patterns of crude oil futures, particularly the United States Oil Fund ETF (USO), highlighting its recent underperformance and potential bullish signals. Group 1: Performance Analysis - The USO has underperformed the benchmark since late June [3] - A recent 15% correction from the peak during the Middle East crisis has occurred, with $64 acting as a significant support level [5] - The ETF is currently trading in the middle of the new July 6-month calendar range, which aligns with the 200-day moving average [3] Group 2: Technical Indicators - The momentum remains in a bullish divergence to price, indicating potential upward movement [3] - The ETF is above the 50-day moving average, with the 200-day moving average around $66.20 [4] - A move above the July calendar range high would be considered very bullish [3] Group 3: Trading Strategy - The safest trade is identified as one that clears the $68 level [5] - Holding above the $64 support level is seen as favorable for future performance [5]