Author: Jim Wyckoff

Friday, August 2–Jim Wyckoff’s Morning Web Log NOTE: After 28 years of living in Cedar Falls, Iowa, my wife and I have moved to western Iowa. The moving process started on Wednesday. My friend and fellow market...

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...

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...

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...

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...

Friday, July 26–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * It’s another quiet, summertime trading affair Friday morning. There has been a lack of major, market-moving news late this week....

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...

Thursday, July 25–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In scanning my price screen this morning I see mostly red numbers (lower prices), which suggests a “risk-off” day in the...

METALS: August gold futures closed down $16.90 an ounce at $1,317.90 yesterday. Prices closed nearer the session low yesterday after hitting a five-week high early on. Price action yesterday also scored a bearish “outside...