Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * A feature in the market place this week has been the plunge in the value of the Chinese yuan against the U.S. dollar, after China’s monetary officials widened the trading band between the two...

ENERGIES: April Nymex crude oil closed up $1.47 at $99.55 today. Prices closed nearer the daily high and saw short covering after prices hit a six-week low Monday. Crude oil bears still have the slight overall near-term...

* LATEST MARKET DEVELOPMENTS * Focus of the market place is on the U.S. Federal Reserve’s Open Market Committee (FOMC) meeting that ends Wednesday afternoon with a statement. Fed Chair Janet Yellen will then deliver her...

* LATEST MARKET DEVELOPMENTS * The referendum Sunday that saw Crimean voters overwhelmingly choose to secede from Ukraine and be annexed by Russia was not met by violence in the Ukraine. Also, the threatened U.S. and European...

GRAINS: May corn futures closed down 2 cents at $4.86 1/2 Thursday. Prices closed near mid-range and saw mild profit taking. Corn prices are still in a two-month-old uptrend on the daily bar chart. Corn bulls have the overall...

* LATEST MARKET DEVELOPMENTS * The market place is heading into the weekend with higher anxiety. It’s a mostly “risk-off” day for traders and investors Friday. European and Asian stock markets were lower...

* LATEST MARKET DEVELOPMENTS * There was another downbeat economic report coming out of China Thursday. China’s industrial output rose by 8.6%, year-on-year, in the January and February period. That’s lower than the...

METALS: April gold futures closed up $5.80 an ounce at $1,347.30 today. Prices closed near mid-range today and were supported on some safe-haven buying. A 2.5-month-old uptrend is in place on the daily bar chart. Bulls have the...