U.S. Dollar Steady in Early Dealings
CURRENCIES
The December U.S. dollar index is near steady in early trading. Bears have some fresh downside near-term technical momentum. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at 86.25 and then at Thursday's high of 86.68. Shorter-term support is seen at Thursday's low of 85.96 and then at 85.75. Wyckoff's Intra Day Market Rating: 4.5
The December Euro is weaker in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2639 and then more stops just below support at 1.2600. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2678 and then at 1.2692. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff's Intra Day Market Rating: 5.5
METALS
Gold is trading near steady early today. Prices hit a fresh three-week high overnight. In December gold, shorter-term technical support is seen at $600.00 and then at $595.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $606.00 and then more buy stops just above technical resistance at $610.00. Wyckoff's Intra-Day Market Rating: 5.5
ENERGIES
Crude oil prices are slightly higher in early electronic dealings. In December crude, look for buy stops to reside just above resistance at the overnight high of $61.34 and then just above resistance at $62.00. Look for sell stops just below technical support at the overnight low of $60.34, and then more sell stops just below support at $60.00. Wyckoff's Intra-Day Market Rating: 3.0


Name: Jim Wyckoff 






