Author: Jim Wyckoff

ENERGIES April crude oil closed up $1.13 a barrel at $91.56 yesterday. Prices closed nearer the session high yesterday on short covering. A lower U.S. dollar index was a bullish factor for crude oil today. The crude oil bears...

Thursday, March 7–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The Euro currency and European stock markets were boosted Thursday by a successful Spanish bond auction that saw good investor demand and...

CURRENCIES: The June Euro currency closed down 53 points at 1.2998 yesterday. Prices closed near the session low and closed at a fresh three-month low close yesterday. The Euro bears have the overall near-term technical...

Wednesday, March 6–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The buzz of the market place Wednesday morning is the new all-time record high posted by the Dow Jones Industrial Average on Tuesday....

GRAINS: May corn futures last traded up 3 3/4 cents at $7.07 yesterday in late trading. Prices were near mid-range. The corn market is at a near-term inflection point. Price action this week will be extra important. Bulls and...

Tuesday, March 5–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * Overnight China announced a new spending/stimulus initiative to keep its economy on an upward glide. China officials are expecting their...

June U.S. T-Bonds closed down 13/32 at 143 30/32 yesterday. Prices closed near the session low yesterday on profit taking after hitting a fresh six-week high early on. Bulls and bears are on a level near-term technical playing...

Monday, March 4–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The U.S. government March 1 budget sequestration deadline has come and gone with no agreement between Democrats and Republicans. There was...

Friday, March 1–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The U.S. government’s inability to agree on a taxing and spending plan by the Friday, March 1, sequestration deadline is being given...

METALS: April gold futures closed down $16.90 an ounce at $1,578.80 yesterday. Prices closed nearer the session low again yesterday as the bears tighten their near-term grip on the yellow metal. There has been better risk...