Recent JimWyckoff's Commentaries
Metals Market Commentary
April gold futures closed up $9.40 an ounce at $1,758.90 yesterday. Prices closed nearer the session high yesterday and hit a fresh two-month high. Gold managed gains yesterday despite bearish "outside markets" that saw a firmer U.S. dollar index and sharply lower crude oil prices. Yet, gold rall...
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Tags: gold | silver | copper | futures
Softs Market Commentary
March sugar closed up 2 points at 23.66 cents yesterday. Prices closed nearer the session high but did hit a fresh two-week low early on. Bulls have faded recently and bears have the near-term technical advantage. Sugar bulls' next upside price breakout objective is to push and close prices above...
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Tags: coffee | cocoa | sugar | cotton | orange-juice | lumber | futures
Grain Market Analysis
March corn futures closed up 7 3/4 cents at $6.39 1/2 yesterday. Prices closed nearer the session high yesterday. Corn bulls and bears are back on a level near-term technical playing field. A bullish pennant pattern has formed on the daily bar chart. Corn bulls' next upside price breakout objecti...
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Tags: corn | soybeans | wheat | grains | futures
Livestock Futures Commentary
April live cattle closed down $0.70 at $127.75 yesterday. Prices closed near mid-range yesterday on more profit-taking pressure. The key "outside markets" were in a bearish posture for the cattle market yesterday, as the U.S. dollar index was higher and the crude oil futures market was lower. The...
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Tags: catttle | hogs | futures
Jim Wyckoff's Morning Blog--Monday
* JIM'S MARKET THOUGHT OF THE DAY * The U.S. dollar index is posting a modest rebound to start the trading week. Crude oil is also weaker, which has several other commodity futures markets under pressure Monday. The U.S. dollar bulls need to step up and show good power this week, as this week wil...
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Tags: stock-indexes | interest-rates | currencies | gold | grains | crude-oil | futures
Energies Market Commentary
March crude oil closed up $0.37 a barrel at $99.77 yesterday. Prices closed nearer the session low yesterday and were mildly supported by a weaker U.S. dollar index yesterday. Crude oil bulls have the overall near-term technical advantage. However, the going does get tough for the bulls once pric...
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Tags: crude-oil | heating-oil | natural-gas | gasoline | futures
Metals Market Commentary
February gold futures closed up $36.00 an ounce at $1,700.10 yesterday. Prices closed near the session high yesterday, hit a fresh six-week high and scored a big and bullish "outside day" up on the daily bar chart, whereby the high was higher and low was lower than the previous session's trading ...
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Tags: gold | silver | copper | futures
Softs Market Commentary
March sugar closed down 20 points at 24.76 cents yesterday. Prices closed near the session low yesterday and did hit another fresh nine-week high early on. The key "outside markets" were bearish for the sugar market yesterday, as the U.S. dollar index was firmer and crude oil prices were weaker. ...
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Tags: coffee | cocoa | sugar | cotton | orange-juice | lumber | futures
Grain Market Analysis
March corn futures closed up 8 1/2 cents at $6.20 yesterday. Prices closed nearer the session high yesterday and saw more short covering in a bear market. The key "outside markets" were bullish for the corn market yesterday, as the U.S. dollar index was lower and crude oil prices were higher. Som...
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Tags: corn | soybeans | wheat | grains | futures
Jim Wyckoff's Morning Blog--Monday
* JIM'S MARKET THOUGHT OF THE DAY * It's a "risk on" trading day in the market place Monday, as commodity and stock markets are higher amid better investor attitudes about the European Union sovereign debt crisis stabilizing. Traders this week will closely scrutinize the results of this week's ...
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Tags: futures | stock-indexes | bonds | dollar-index | oil | grains
Metals Market Commentary
February gold futures closed up $3.10 an ounce at $1,658.70 yesterday. Prices closed nearer the session high and closed at a fresh five-week high close. The gold market was boosted by technical buying and by a weaker U.S. dollar index yesterday. Gold bulls have the overall near-term technical adv...
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Tags: gold | silver | copper | futures
Grain Market Analysis
March corn futures closed up 6 1/2 cents at $6.06 yesterday. Short covering in a bear market was featured yesterday. The key "outside markets" were in a bullish posture for corn yesterday, as the U.S. dollar index was lower and crude oil prices were higher. South American corn regions are still s...
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Tags: corn | soybeans | wheat | grains | futures
Jim Wyckoff's Morning Blog--Tuesday
* JIM'S MARKET THOUGHT OF THE DAY * Some positive economic news coming out of China and the European Union is boosting commodity markets to start the shorter U.S. trading week Tuesday. The present world economic environment is more bullish for the commodity markets: recent better economic data co...
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Tags: stock-indexes | interest-rates | currencies | gold | grains | crude-oil | futures
Grain Market Analysis
March corn futures closed locked down the 40-cent daily trading limit at $6.11 1/2 yesterday following a shockingly bearish USDA report that showed bigger U.S. corn supplies projected by USDA. Yesterday's bearish fundamental news from USDA could well be a near-term "game-changer" for corn prices....
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Tags: corn | soybeans | wheat | grains | futures
Metals Commentary
February gold futures closed up $8.00 an ounce at $1,639.50 yesterday. Prices closed near mid-range yesterday and hit a fresh four-week high. Gold rallied despite bearish "outside market" forces yesterday--a stronger U.S. dollar index and lower crude oil prices. This is another bullish near- term...
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Tags: gold | silver | copper | futures
