U.S. Dollar Firmer in Early Trading
CURRENCIES
The December U.S. dollar index is firmer in early trading. Bulls are regaining upside technical momentum. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 86.72 and then at 86.90. Shorter-term support is seen at the overnight low of 86.55 and then at 86.25. Wyckoff's Intra Day Market Rating: 7.0
The December Euro is slightly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2562 and then more stops just below support at 1.2550. Shorter-term technical resistance for the Euro is seen at 1.2600 and then at Monday's high of 1.2658. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff's Intra Day Market Rating: 3.5
METALS
Gold is trading near steady early today. In December gold, shorter-term technical support is seen at the overnight low of $580.50 and then at $576.50. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $584.90 and then more buy stops just above technical resistance at $600.00. Wyckoff's Intra-Day Market Rating: 4.0
ENERGIES
Crude oil prices are near steady in early electronic dealings. In December crude, look for buy stops to reside just above resistance at Monday's high of $59.47 and then just above resistance at $60.00. Look for sell stops just below technical support at the Monday's low of $58.12, and then more sell stops just below support at $58.00. Wyckoff's Intra-Day Market Rating: 2.0
GRAINS
Prices were mostly higher overnight following solid gains on Monday. A pattern has developed in the grains: Solid buying on any dips in prices. As long as that patterns continues, bulls will have their way. When this pattern changes, and we see some good follow-through selling pressure after a pullback, that will be a warning signal that the bulls are losing power. Wheat will likely continue to be the leader. Look for more volatile trading conditions in the near term.


Name: Jim Wyckoff 






