Author: Jim Wyckoff

GRAINS: December corn futures closed up 21 1/4 cents at $5.21 3/4 Tuesday. Prices closed nearer the session high on heavy short covering and bargain hunting after hitting a 2.5-year low on Monday. While corn bears still have the...

Tuesday, July 9–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold prices were boosted overnight on news that China’s inflation rate heated up a bit. China’s June consumer price index was...

Monday, July 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Asian shares were mostly lower following the stronger-than-expected U.S. jobs data on Friday that has bolstered notions...

Friday, July 5–Jim Wyckoff’s Morning Web Log Note: I am out of the office this morning. My friend and fellow analyst/trader Ken Seehusen produced some of my morning report. Ken’s style is a bit different than...

Wednesday, July 3–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Nymex crude oil futures prices pushed above $102.00 a barrel and the highest level in over a year in overnight trading, as the civil...

ENERGIES: August Nymex crude oil closed up $1.56 at $99.55 yesdterday. Prices closed nearer the session high and hit a fresh 4.5-month high yesdterday. Bulls have the near-term technical advantage and have momentum on their...

* LATEST MARKET DEVELOPMENTS * U.S. stock indexes are firmer in early electronic trading, while European stock markets were weaker Tuesday as key economic data is awaited. It is a busy week of major economic data worldwide,...

Monday, July 1–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Much-anticipated China manufacturing data came out Monday. The purchasing managers’ index came in at 50.1 in June versus 50.8 in May....

Friday, June 28–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The focus of the market place this week has been on the gold market and the beating it has taken this year. On this last trading day of the...

METALS: August gold futures closed down $22.60 an ounce at $1,207.80 yesterday. Prices closed near the session low and hit another nearly three-year low yesterday. Sell stops were triggered to send prices to the new lows in late...