Author: Jim Wyckoff

GRAINS: December corn futures closed up 7 3/4 cents at $5.11 1/4 Tuesday. Prices closed near mid-range. Weather forecasts in the U.S. midsection in the summertime can be hit-and-miss and can change on a dime. Yesterday, a bit...

Tuesday, July 16–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * There is a significant batch of U.S. economic data due out Tuesday that could move the markets. Data due for release includes the weekly...

LIVESTOCK: August live cattle closed up $0.60 at $122.45 yesterday. Prices closed near mid-range. Cattle futures bulls have the near-term technical advantage. Bulls next upside price “breakout” objective is to push prices above...

Monday, July 15–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The highly anticipated China second-quarter gross domestic product report, released Monday, showed an as-expected annual growth rate of...

* LATEST MARKET DEVELOPMENTS * Many markets are in a technical corrective or pause mode Friday, following bigger price moves Thursday in the wake of the latest developments coming from the U.S. Federal Reserve on Wednesday. ...

METALS August gold futures closed up $32.40 an ounce at $1,279.80 today. Prices closed near mid-range today and hit a fresh two-week high. A sharply lower U.S. dollar index and bullish Bernanke remarks late Wednesday boosted the...

Thursday, July 11–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Most U.S. markets had closed their day sessions Wednesday afternoon when Federal Reserve Chairman Ben Bernanke in a speech on Fed history...

SOFTS: October sugar closed down 13 points at 16.21 cents yesterday. Prices closed near the session low, scored a bearish “outside day” down on the daily bar chart and hit a fresh 2.5-year low. The sugar bears have the solid...

Wednesday, July 10–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is awaiting the minutes of the last U.S. Federal Reserve FOMC meeting, due out Wednesday afternoon. Recent FOMC...