Author: Jim Wyckoff

* LATEST MARKET DEVELOPMENTS * Traders are still digesting the Federal Reserve’s Open Market Committee minutes from early January, which said U.S. economic conditions are improving to the point that some FOMC members think...

April gold futures closed down $35.10 an ounce at $1,569.50 yesterday. Prices closed nearer the session low yesterday and hit a fresh 7.5-month low. Serious near-term technical damage has been inflicted recently, including more...

Wednesday, February 20–Jim Wyckoff’s Morning Web Log * LATEST MARKET DEVELOPMENTS * The market place is awaiting Wednesday afternoon’s release of the latest minutes of the U.S. Federal Reserve’s FOMC...

LIVESTOCK: April live cattle closed down $0.90 at$129.55 yesterday. Prices closed near the session low yesterday. Cattle market bears have the overall near-term technical advantage. However, last Thursday’s and...

* LATEST MARKET DEVELOPMENTS * With China back in play after a week-long holiday the market place is looking to the world’s second-largest economy for raw commodity demand clues. There were reports overnight that...

* LATEST MARKET DEVELOPMENTS * The Group of 20 nations are meeting in Moscow on Friday and Saturday. In the days heading up to the meeting there have been finance officials’ remarks and a G-7 statement, mostly directed...

April gold closed lower on Thursday extending this week’s decline. The low-range close sets the stage for a steady to lower opening when Friday’s night session begins trading. Stochastics and the RSI are oversold but...

March crude oil closed lower on Wednesday due to an increase inventories in the weekly petroleum status report released this morning. The low-range close sets the stage for a steady to lower opening when Wednesday’s night...

* LATEST MARKET DEVELOPMENTS * The Group of 20 nations meets in Moscow on Friday and Saturday. A main topic will likely be currency values as many industrialized nations have in recent months, or longer, worked to devalue their...

March corn futures last traded down 6 1/2 cents at $6.95 3/4 yesterday in late trading. Prices were near mid-range and hit another fresh four-week low yesterday. Bulls have faded badly recently as serious near-term technical...