Monday, December 15–Jim Wyckoff’s Morning Web Log OVERNIGHT DEVELOPMENTS World stock market prices were mostly higher Monday on corrective bounces from last week’s selling pressure. The plunging price of crude...
Read More* Latest Market Developments * The focus of the market place continues to be on the falling price of crude oil. Overnight, January Nymex crude dropped to another five-year low of $58.80 a barrel. A bearish report was released...
Read More* Latest Market Developments * World stock markets have stabilized Wednesday following Tuesday’s big shudder. Asian and European equity markets were mixed and the U.S. stock indexes were not trading far from unchanged in...
Read More* Latest Market Developments * The U.S. dollar hit a seven-year high against the Japanese yen and hit a two-year high against the Euro currency overnight—in the aftermath of Friday’s much-stronger-than-expected U.S....
Read MoreLIVESTOCK: February live cattle closed down $0.15 at 166.92 today. Prices closed nearer the session low and closed at a four-week low close today. Bulls are fading. Another down day on Friday and the three-month-old uptrend on...
Read More* Latest Market Developments * The European Central Bank is holding its monthly meeting Thursday. Many believe the ECB will not yet move to further stimulate EU monetary policy, but most think it is coming. The press conference...
Read MoreMarch U.S. T-Bonds closed up 7/32 at 141 9/32 today. Prices closed nearer the session high today. Prices hit a six-week high on Monday. The bond bulls still have the near-term technical advantage. The next downside price...
Read More* Latest Market Developments * The U.S. dollar index hit a four-year high overnight and the Euro currency fell to a two-year low against the greenback. The latest European Union purchasing managers index (PMI) came in weaker...
Read MoreGRAINS: March corn futures closed down 8 1/2 cents at $3.81 1/4 today. Prices closed near the session low. The key “outside markets” were in a bearish posture for corn today as the U.S. dollar index was sharply...
Read More* Latest Market Developments * The eyes of the market place remain on crude oil prices. After posting a strong rebound Monday, crude is under selling pressure again Tuesday morning. Nymex crude on Monday hit a five-year low of...
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