Author: Jim Wyckoff

SOFTS: March sugar closed down 45 points at 18.83 cents Thursday. Prices closed near the session low on heavy profit taking. The sugar bulls still have the near-term technical advantage but may now be exhausted and need to show...

Friday, October 25–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There were no major overnight developments to impact U.S. trading Friday. Asian stock markets were weaker on concerns of rising...

CURRENCIES: The December Euro currency closed down 5 points at 1.3781 Wednesday. Prices closed near the session high Wednesday. Bulls have the solid near-term technical advantage. Euro bulls’ next upside price breakout...

GRAINS: December corn futures closed down 5 3/4 cents at $4.38 1/4 Tuesday. Prices closed near the session low. Harvest pressure continues to be a major bearish weight on corn. Around 40% of the corn crop is now harvested, which...

Wednesday, October 23–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Overnight trading was uneventful. Asian and European stock markets were pressured following the weak U.S. jobs data released Tuesday...

ENERGIES: November Nymex crude oil closed down $1.60 at $99.21 Monday. Prices closed nearer the session low Monday and hit another fresh 3.5-month low. It was also a psychological blow to the bulls to have prices close below...

Tuesday, October 22–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Many markets were on hold overnight, awaiting the big U.S. economic report early this week: the employment report for September, which...

Monday, October 21–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The flow of backed-up U.S. government economic data starts Monday. The big economic report early this week will be the U.S. employment...

Friday, October 18–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Now that the U.S. government is reopened and U.S. lawmakers have put off for a few months the budget and debt ceiling debacle that had...

GRAINS: December corn futures closed down 3/4 cent at $4.42 3/4 Wednesday. Prices closed near mid-range. Selling interest was limited by reports of a big U.S. corn sale to China this week. The lack of information coming from...