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Author: Jim Wyckoff

Nymex Crude Oil Posting Solid Rebound

ENERGY MARKETS September crude oil closed higher due to short covering on Wednesday as it consolidates some of the decline off July’s high. The high-range close sets the stage for a steady to higher opening when...

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Major World Data Points Start Wednesday

Wednesday, July 31–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The first day of a bunch of highly anticipated and major economic data is at hand Wednesday, starting with the U.S. gross domestic...

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Major World Data Points Just Ahead

Tuesday, July 30–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Asian and European stock markets were firmer overnight in subdued trading, as key worldwide economic data points are approaching fast. The...

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Bearish Chart Pattern in Lean Hog Futures

LIVESTOCK: October live cattle closed up $0.12 at $125.97 yesterday. Prices closed near the session low yesterday. Cattle futures bulls have the near-term technical advantage amid choppy trading. Bulls’ next upside price...

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Softs Markets See Some Short Covering

SOFTS: October sugar closed up 25 points at 16.39 cents yesterday. Prices closed nearer the session high on short covering in a bear market. The key “outside markets” were in a bullish posture for sugar yesterday as...

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