Author: Jim Wyckoff

Friday, May 31–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * On this last day of the month, the Euro currency was under pressure overnight following another downbeat economic report coming out of the...

METALS: August gold futures closed up $21.40 an ounce at $1,413.00 yesterday. Prices closed nearer the session high and hit a fresh two-week high yesterday. A weaker U.S. dollar index and safe-haven demand boosted gold...

Thursday, May 30–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Many markets may react to Thursday’s batch of U.S. economic data, highlighted by the weekly jobless claims report and the...

SOFTS: July sugar closed down 6 points at 16.66 cents yesterday. Prices closed nearer the session low. Prices are hovering near a 2.5-year low. The sugar bears have the solid overall near-term technical advantage. Prices are in...

Wednesday, May 29–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Rising U.S. Treasury bond and note yields have caught the attention of the market place this week. The 10-year U.S. T-Note yield rose to...

GRAINS: July corn futures closed up 9 1/4 cents at $6.66 1/2 Tuesday. Prices closed nearer the session high and closed at a fresh two-month high close. Very soggy weather in the U.S. Corn Belt and more of the same in the...

Tuesday, May 28–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * After a long U.S. holiday weekend, traders will get a full dose of fresh U.S. economic data Tuesday. Due for release Tuesday includes the...

Friday, May 24–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Trading was quieter in overnight action around the world. The three-day U.S. Memorial Day holiday weekend could make for a calmer U.S....

June U.S. T-Bonds closed up 4/32 at 142 31/32 yesterday. Prices closed nearer the session low yesterday and hit another fresh two-month low early on. Short covering in a bear market was featured. Bond market bears still have the...