December crude oil closed lower on Wednesday as it extends the decline off September’s high. The low-range close sets the stage for a steady to lower opening when Thursday’s night session begins. Stochastics and the...
Read MoreWednesday, October 24–Jim Wyckoff’s Morning Web LogNote: I am out of the office today. My friend and fellow analyst/trader Ken Seehusen is producing my morning report. Ken’s style is a bit different than mine,...
Read MoreMarch sugar closed down 36 points at 19.70 cents today. Prices closed nearer the session low and hit a fresh six-week low today. The key “outside markets” were fully bearish for sugar today as the U.S. dollar index...
Read More* LATEST MARKET DEVELOPMENTS * It’s a “risk-off” day in the market place early Tuesday. Some disappointing U.S. corporate earnings reports, DuPont being the latest, have hit the U.S. stock market. European...
Read MoreDecember corn futures were up 1 cent at 7.62 1/2 in late trading yesterday. Prices were near mid-range. The key “outside markets” were modestly bearish for corn yesterday as the U.S. dollar index was firmer and crude...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, European stock markets were firmer along with the Euro currency amid Spanish elections that showed the ruling conservative party doing well. Such bolstered notions Spain will be...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, world stock markets were a bit rattled by the surprisingly weak Google quarterly results, including an early release of the results that further unnerved traders and investors....
Read MoreNovember crude oil closed down $0.16 a barrel at $91.96 yesterday. Prices closed nearer the session high yesterday. Gains were limited by a firmer U.S. dollar index yesterday. Trading remains choppy. Bulls and bears are on a...
Read More* LATEST MARKET DEVELOPMENTS * In overnight news, China’s third-quarter gross domestic product came in at 7.4% growth, on an annual basis–the lowest growth rate since 2009 and the seventh quarter in a row of a...
Read MoreDecember gold futures closed up $5.40 an ounce at $1,751.70 yesterday. Prices closed near mid-range yesterday and saw more short covering and bargain hunting following recent selling pressure. A weaker U.S. dollar index...
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