Author: Jim Wyckoff

Wednesday, April 10–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Traders are awaiting the Wednesday afternoon release of the latest minutes of the U.S. Federal Reserve’s Open Market Committee...

LIVESTOCK: June live cattle closed down $0.32 at $121.70 yesterday. Prices closed nearer the session low yesterday. Cattle futures bears still have the overall near-term technical advantage. The bulls’ next upside price...

Tuesday, April 9–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, it was reported that China’s consumer price inflation came in lower than expected, at a 2.1% annual rate in March...

METALS: June gold futures closed down $3.60 an ounce at $1,572.30 today. Prices closed near mid-range today and saw a corrective pullback and some consolidation following Friday’s gains. The gold bears have the solid...

Monday, April 8–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place has gotten a shot of confidence the easy money policies of the major central banks of the world will remain in place for...

Friday, April 5–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Traders and investors are awaiting Friday morning’s release of the U.S. Labor Department’s employment situation report, which...

SOFTS May sugar closed up 18 points at 17.68 cents today. Prices closed nearer the session high today and saw short covering in a bear market. Prices Wednesday hit a nearly 2.5-year low. The sugar bears still have the solid...

Thursday, April 4–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The latest “international incident” is North Korea and its bellicose rhetoric toward the U.S. and South Korea. North Korea...

ENERGIES: May crude oil closed down $2.79 at $94.41 yesterday. Prices closed nearer the session low yesterday and were pressured by a bearish weekly DOE report and by a weaker U.S. ADP national employment report. Bulls faded...