Author: Jim Wyckoff

February gold futures closed down $2.60 an ounce at $1,653.90 yesterday. Prices closed nearer the session low yesterday. Prices hit a fresh two-week low yesterday as the bulls are fading. Gold closed at a bearish weekly low...

* LATEST MARKET DEVELOPMENTS * It’s a generally quiet start to the new trading week Monday. However, later in the week the economic data action picks up. The U.S. Federal Reserve’s FOMC meeting and interest rate...

* LATEST MARKET DEVELOPMENTS * In the U.S., traders and investors continue to focus on the quarterly corporate earnings reports. Germany’s stock market hit a five-year high and the Euro currency rallied Friday following an...

April hogs closed up $1.67 at $89.67. April hogs gapped above the 20-day moving average crossing at 88.82 on Thursday confirming that a short-term low has been posted. The high-range close sets the stage for a steady to higher...

Thursday, January 24–Jim Wyckoff’s Morning Web Log Note: I am out of the office this morning. My friend and fellow analyst/trader Ken Seehusen produced most of my morning report. Ken’s style is a bit different...

METALS: February gold futures closed down $6.50 an ounce at $1,686.60 yesterday. Prices closed nearer the session low yesterday. Some profit taking and chart consolidation were featured following recent gains. Gold bulls and...

* LATEST MARKET DEVELOPMENTS * It’s been a quieter trading week so far. U.S. traders are focused on quarterly corporate earnings reports. Heavyweight Apple reports its earnings after the markets close Wednesday. There is...

March crude oil closed up $0.67 a barrel at $96.71 yesterday. Prices closed nearer the session high and hit another fresh four-month high yesterday. Crude oil was supported by a weaker U.S. dollar index yesterday. The crude...

February Comex gold futures (GC G3) prices have made a solid rebound from the January low, including last week negating a 3.5-month-old downtrend on the daily chart, and hitting a four-week high. Technically, gold bulls are...

* LATEST MARKET DEVELOPMENTS * After a long U.S. holiday weekend traders will again focus on corporate earnings reports. Heavyweight Apple reports its earnings Wednesday. In overnight news, the German ZEW economic indicators...