December gold futures closed down $34.00 an ounce at $1,613.00 yesterday. Prices closed nearer the session low yesterday and hit a fresh two-week low. The market was pressured by a firmer U.S. dollar index and another...
Read MoreSeptember crude oil closed down $0.09 a barrel at $97.30 yesterday. Prices closed near mid- range yesterday in quieter trading. The bulls still have the slight overall near-term technical advantage but are fading a bit and need...
Read MoreJuly soybeans on Friday closed weaker and near mid-range. Bean bulls still have the overall near-term technical advantage. The next near-term upside technical breakout objective for the soybean bulls is pushing and closing July...
Read MoreJuly sugar closed down 70 points at 22.48 cents yesterday. Prices closed nearer the session low yesterday after hitting a fresh four-week high early on. Prices yesterday did score a bearish “outside day”down on the...
Read MoreJune crude oil closed down $1.65 at $98.45 a barrel yesterday. Prices closed nearer the session low yesterday. Trading has been choppy and sideways for the past week. The next near-term upside price breakout objective for the...
Read MoreJuly corn futures on Friday again closed solidly lower, nearer the session low, hit a fresh six-week low and closed at a bearish weekly low close. Significant near-term technical damage has been inflicted in the corn market...
Read MoreApril live cattle closed down the $3.00 limit at $113.50 yesterday. Prices gapped lower on the daily bar chart and saw strong selling pressure on demand concerns amid the crisis in Japan. Japan is a major U.S. meat importer. The...
Read MoreFriday, February 18–Jim Wyckoff’s Morning Web Log JIM’S MARKET THOUGHT OF THE DAY * After posting gains on Thursday, the grains were under selling pressure overnight. Trading has turned very choppy in the...
Read MoreFebruary gold closed higher on Wednesday extending the rally off last week’s low. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI have turned bullish signaling that...
Read MoreTuesday, December 28–Jim Wyckoff’s Morning Web Log NOTE: I am on vacation this week and my friend and fellow market analyst/trader Ken Seehusen is writing my reports. Ken’s style is a bit different from mine,...
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