Author: Jim Wyckoff

Thursday, April 18–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold and crude oil prices were under strong selling pressure in Asian trading Thursday, but then posted a solid recovery during European...

June U.S. T-Bonds closed up 13/32 at 148 1/32 yesterday. Prices closed near mid-range yesterday and hit a fresh four-month high. Bond market bulls have the near-term technical advantage. A five-week-old uptrend is still in place...

Wednesday, April 17–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The world market place continues to calm down and focus more on individual markets’ supply and demand fundamentals, instead of...

Tuesday, April 16–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place had much going on Monday, and then the afternoon terror attack in Boston jolted already shaky trader and investor...

ENERGIES: May crude oil closed down $3.05 at $88.24 yesterday. Prices closed nearer the session low yesterday, hit a fresh four-month low and were pressured by the big drop in gold prices. Bears have quickly gained the near-term...

Monday, April 15–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Gold and silver futures markets are leading a downdraft in the raw commodity sector as the new week begins. Both gold and silver markets...

Friday, April 12–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * A heavy slate of U.S. economic data is due for release Friday, including the producer price index, retail sales, the University of...

METALS: June gold futures closed up $4.80 an ounce at $1,563.60 yesterday. Prices closed nearer the session high yesterday on short covering and some bargain hunting. The lower U.S. dollar index also prompted some buying...

Thursday, April 11–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, Philadelphia Federal Reserve Bank President Charles Plosser said in a speech in Tokyo the Fed should start winding...

GRAINS: May corn futures closed up 4 3/4 cents at $6.49 Wednesday. Prices closed near mid-range. Short covering was featured as traders digested Wednesday’s latest USDA monthly supply and demand report, which was deemed...