U.S. Dollar Steady in Early Dealings
CURRENCIES
The December U.S. dollar index is steady in early trading. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.88 and then at 86.00. Shorter-term support is seen at Thursday's low of 85.61 and then at 85.50. Wyckoff's Intra Day Market Rating: 3.0
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 1.2697 and then more stops just below support at 1.2650. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2747 and then at 1.2800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff's Intra Day Market Rating: 7.0
METALS
Gold is trading lower early today. In December gold, shorter-term technical support is seen at the overnight low of $594.50 and then at $590.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $600.30 and then more buy stops just above technical resistance at $605.00. Wyckoff's Intra-Day Market Rating: 5.0
ENERGIES
Crude oil prices are slightly higher in early electronic dealings. In December crude, look for buy stops to reside just above resistance at $61.00 and then just above resistance at $61.50. Look for sell stops just below technical support at the overnight low of $59.85, and then more sell stops just below support at $59.50. Wyckoff's Intra-Day Market Rating: 2.5
GRAINS
Prices were solidly higher overnight. Don't be surprised, however, to see some profit-taking pressure heading into the weekend. But make not mistake: The grain market bulls are stampeding and any weakness is still seen as a buying opportunity among the bulls. Wheat will likely continue to be the leader. Look for continued volatile trading conditions in the near term.


Name: Jim Wyckoff 






