Author: Jim Wyckoff

GRAINS: December corn futures closed up 8 3/4 cents at $3.41 1/4 today. Prices closed near the session high again today and hit a three-week high. More short covering was featured. A lower U.S. dollar index this week has also...

*OVERNIGHT DEVELOPMENTS* In overnight news there was more dour economic news coming out of the European Union, as Germany’s factory output was down 4% on the month in August, which was well below expectations of a decline of...

*OVERNIGHT DEVELOPMENTS* Traders and investors are still digesting Friday morning’s upbeat September U.S. employment report that showed a significantly higher-than-expected non-farm payrolls rise of 248,000. Traders expected the...

ENERGIES: November Nymex crude oil closed up $0.51 at $91.26 today. Prices closed near the session high today after falling sharply to a low of $88.18 and hitting a nearly nine-month low early on. Today’s big rebound produced a...

* Latest Market Developments * OVERNIGHT DEVELOPMENTS There are three features at work in the market place this week: One, the strong U.S. dollar that hit a two-year high against the Euro and a six-year high against the yen....

* Latest Market Developments * OVERNIGHT DEVELOPMENTS The economic report pace picks up steam starting Wednesday, with the highlight of the week being Friday’s U.S. employment report. U.S. economic data due for release Wednesday...

* Latest Market Developments * OVERNIGHT DEVELOPMENTS China is celebrating a week-long national holiday this week, which could make for quieter trading in many markets. The market place is also keeping a wary eye on a big...

* Latest Market Developments * In overnight news, Asian and European stock markets followed Wall Street’s Thursday lead to trade lower Friday. European stocks also were pressured by a downbeat German consumer confidence report...

ENERGIES: November Nymex crude oil closed up $1.43 at $92.98 today. Prices closed nearer the session high on late reports of violence in Benghazi. Crude oil bears still have the overall near-term technical advantage. Prices are...