Author: Jim Wyckoff

GRAINS: December corn futures closed up 11 1/2 cents at $4.64 3/4 Monday. Prices closed nearer the session high after hitting another 2.5-year low early on. Prices were boosted by a surprisingly bullish USDA report and another...

Monday, August 12–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * China’s stock market rallied Monday and hit a two-month high after some recent upbeat economic news and notions the Chinese...

Friday, August 9–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There was more upbeat Chinese economic data released overnight. China industrial production rose in by 9.7% in July, year-on-year while...

 LIVESTOCK: October live cattle closed up $2.22 at $126.90 yesterday. Prices gapped sharply higher on the daily bar chart, hit a fresh four-month high and closed near mid-range. Traders are still sorting through news the...

Thursday, August 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Chinese economic data released overnight was bullish for most of the market place and especially for the raw commodity sector. China...

Wednesday, August 7–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, German industrial production rose by 2.4% in June from May, following a 0.8% decline in May. The growth rate was...

METALS: December gold futures closed down $20.10 an ounce at $1,282.30 yesterday. Prices closed near the session low and hit a fresh three-week low yesterday on more technical selling pressure. Bears have the solid overall...

Tuesday, August 6–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, there was more upbeat economic data coming out of the European Union Tuesday. Germany’s manufactured goods...

SOFTS: October sugar closed down 21 points at 16.58 cents yesterday. Prices closed nearer the session low yesterday. Bulls are fading again after showing some strength last week. The sugar bears have the overall near-term...

Monday, August 5–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news the HSBC China services purchasing managers index reading was steady in July versus June, at 51.3. A PMI above 50.0...