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Livestock Futures Commentary
April live cattle closed up $0.45 at $90.85 yesterday. Prices closed near mid-range yesterday and also closed at a fresh three-week high close. The key "outside markets" were in a mostly bullish posture for cattle yesterday, as the U.S. dollar index was weaker, while crude oil and gold prices...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, February 9--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher U.S. stock index futures prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * This week's rebound in most of the...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, February 9--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher U.S. stock index futures prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * This week's rebound in most of the...
Grain Market Analysis
March corn on Friday closed weaker, near mid-range hit a fresh four-month low and closed at a bearish weekly low close. Corn bears have the solid near-term technical advantage. Prices are in a four-week-old downtrend on the daily bar chart. The next downside price objective for the bears is to...
Jim Wyckoff's Morning Blog--Monday
Monday, February 8--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are higher gold prices and weaker U.S. stock index futures prices. JIM'S MARKET THOUGHT OF THE DAY * Those of you who've followed me for a while...
March crude oil closed down $4.03 at $72.95 a barrel today
ENERGIES March crude oil closed down $4.03 at $72.95 a barrel today. Prices closed nearer the session low today and hit a fresh nearly four-month low. Prices were pressured by falling stock indexes and a sharply higher U.S. dollar index. Some chart damage occurred today in crude, and more...
Jim Wyckoff's Morning Blog--Friday
Friday, February 5--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is a firmer U.S. dollar index and higher U.S. Treasury prices. JIM'S MARKET THOUGHT OF THE DAY * Thursday's volatile price action in some of the key...
Metals Commentary
April gold futures closed down $7.50 at $1,110.50 yesterday. Prices closed nearer the session low yesterday after hitting a fresh two-week high early on. The stronger U.S. dollar put downside price pressure on gold yesterday. Bulls and bears are now on a level near-term technical playing field....
Traders are likely to do some position-squaring today
Thursday, February 4--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market features in overnight/early morning trading today are weaker crude oil prices and a firmer U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * Although I did not hear them, there were apparently
Softs Market Commentary
March sugar closed up 5 points at 29.33 cents yesterday. Prices closed near mid-range yesterday. The key "outside markets were in a bullish posture for sugar yesterday, as the U.S. dollar index was weaker, while crude oil prices were sharply higher and the U.S. stock indexes were also higher....
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, February 3--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature again in overnight/early morning trading today is generally higher commodity futures prices and a weaker U.S. dollar index. JIM'S MARKET THOUGHT OF THE DAY * The U.S. dollar has seen some...
Livestock Futures Commentary
April live cattle closed down $0.70 at $88.67 yesterday. Prices hit a fresh five-week low and closed near the session low yesterday as fresh near-term chart damage was inflicted yesterday. Bulls and bears are on a level near-term technical playing field. A seven-week-old uptrend on the daily bar...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, February 2--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS The market feature in overnight/early morning trading today is generally higher commodity futures prices, led by gold and crude oil. JIM'S MARKET THOUGHT OF THE DAY * The commodity markets so far this week...
Grain Market Analysis
March soybeans on Friday closed lower, nearer the session low, hit another fresh 3.5-month low and closed at a bearish weekly and monthly low close. Serious technical damage has been inflicted in soybeans recently, including more on Friday. Prices are in a steep four-week-old downtrend on the...
Jim Wyckoff's Morning Blog--Monday
Monday, February 1--Jim Wyckoff's Morning Web Log OVERNIGHT/EARLY MORNING DEVELOPMENTS There is no standout market feature in quieter overnight/early morning trading on this first trading day of the month. JIM'S MARKET THOUGHT OF THE DAY * The U.S. dollar index has seen an impressive rally from...
