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Softs Market Commentary
October sugar closed up 65 points at 20.40 cents yesterday. Prices closed nearer the session high and hit a fresh six-month high yesterday. The key "outside markets" were in a bullish posture for the sugar market yesterday, as the U.S. dollar index was solidly lower, while crude oil and U.S. stoc...
Jim Wyckoff's Morning Blog--Thursday
Thursday, September 2-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Gold prices have been trending higher for the past six weeks and set a fresh two-month high on Wednesday. It's my bias that in the coming weeks gold futures prices will establish a new all-time record high. The ...
Grain Market Analysis
December corn futures closed down 1/4 cent at $4.41 1/4 yesterday. Prices closed nearer the session high yesterday. Good export demand and disappointing early U.S. corn yields from the harvested crop are bullish for the futures market. The corn market bulls have the solid overall near-term techni...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, September 1-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * The first trading day of the month today finds investor risk appetite increasing, as stock and commodity markets are posting good gains, while the U.S. Treasury bonds and notes are seeing weaker prices. With so...
Livestock Futures Commentary
October live cattle closed down $0.05 at $98.05 yesterday. Prices closed nearer the session low yesterday and saw mild profit-taking pressure. The cattle market bulls still have the solid overall near-term technical advantage, even though prices have backed off the recent contract high. There are...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, August 31-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Today is the last trading day of the month, which does make today technically more significant. Monthly high or low closes in a market are very technically significant. Also, fund managers like to even up positions...
Grain Market Analysis
November soybeans on Friday closed higher, near the session high and closed at a bullish weekly high close. Bulls have regained fresh upside near-term technical momentum after fading a bit recently. The soybean bulls have the overall near-term technical advantage. The next upside technical object...
Jim Wyckoff's Morning Blog--Monday
Monday, August 30-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Financial, stock and currency market traders this week are awaiting what will likely be the most market-sensitive piece of economic data this week: Friday's U.S. jobs report. Look for more subdued trading in those m...
Metals Market Commentary
October gold was higher overnight as it extends the rally off July's low. Stochastics and the RSI are overbought, diverging but are neutral to bullish hinting that additional strength is possible near-term. If October extends the rally off July's low, the 87% retracement level of the June-July de...
Jim Wyckoff's Morning Blog--Friday
Friday, August 27--Jim Wyckoff's Morning Web Log Note: I am out of the office today and my friend and fellow trader/analyst Ken Seehusen produced my morning report. The format is a bit different. but I think you'll enjoy Ken's style, too. Jim The STOCK INDEXES & MARKETS The September NASDAQ 100 w...
Jim Wyckoff's Morning Blog--Wednesday
Wednesday, August 25-Jim Wyckoff's Morning Web Log ***NOTE: There will be no morning report from me on Thursday, as I will be traveling most of the day. JIM'S MARKET THOUGHT OF THE DAY * Tuesday's U.S. existing home sales report that showed a very sharp decline in sales in July is yet another war...
Grain Market Analysis
December corn futures closed down 12 1/4 cents at $4.30 1/2 yesterday. Prices closed nearer the session low yesterday and saw profit-taking pressure. No serious chart damage was inflicted yesterday, but the bulls do not want to see strong follow-through selling pressure on Wednesday that would li...
Jim Wyckoff's Morning Blog--Tuesday
Tuesday, August 24-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Most commodity markets are under selling pressure early Tuesday, being led lower by slumping European and U.S. stock markets, amid worries about world economic weakness in the coming months. There are compelling cl...
Livestock Futures Commentary
October live cattle closed up $0.50 at $99.75 yesterday. Prices closed near the session high and closed at a fresh contract high close yesterday. Strong cash cattle market fundamentals are helping to drive futures prices sharply higher. Fresh speculative and fund buying interest has been featured...
Jim Wyckoff's Morning Blog--Monday
Monday, August 23-Jim Wyckoff's Morning Web Log JIM'S MARKET THOUGHT OF THE DAY * Markets are generally quiet to start the trading week. We are nearing the end of the "dog days of summer." Next week will likely be another quieter, lower-volume trading week, heading into the U.S. Labor Day holiday...
