Author: Jim Wyckoff

Wednesday, April 3–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, there were new developments on the Cyprus banking crisis front Wednesday. The island nation reached an agreement with...

METALS: June gold futures closed down $23.80 an ounce at $1,577.10 yesterday. Prices closed near the session low yesterday and hit a fresh two-week low on fresh technically related selling. The key “outside markets”...

GRAINS: May corn futures closed down 50 cents at $6.45 1/4 Monday. Prices careened to a fresh nine-month low in the wake of a very bearish USDA corn stocks report last Thursday. Very serious chart damage has been inflicted and...

Monday, April 1–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * In overnight news, most European markets were closed Monday for the Easter holiday. The Cyprus bank bailout situation has calmed down for...

Thursday, March 28–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place has its eyes on Cyprus as banks there opened for business Thursday after an extended closure during the Cypriot banking...

METALS: April gold futures closed up $10.60 an ounce at $1,606.30 yesterday. Prices closed nearer the session high yesterday and scored a bullish “outside day” up on the daily bar chart–whereby the daily high...

Wednesday, March 27–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Equities prices worldwide have been rallying recently, with the U.S. Dow and S&P 500 stock index prices at or near record highs....

GRAINS: May corn futures closed down 2 3/4 cents at $7.30 1/2 Tuesday. Prices closed nearer the session high. Prices are hovering near a seven-week high. A stronger U.S. dollar index did limit buying interest in corn Tuesday, as...

Tuesday, March 26–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is still digesting the agreement reached Monday among European Union finance ministers, the International Monetary Fund...

LIVESTOCK: June live cattle closed up $0.27 at $121.45 yesterday. Prices closed near the session low yesterday. More tepid short covering was seen as prices hover not far above the recent contract low. Cattle futures bears still...