U.S. Dollar Steady in Early Dealings
CURRENCIES
The December U.S. dollar index is slightly lower in quiet early trading. Bears still have the near-term technical advantage. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.19 and then at Monday's high of 85.28. Shorter-term support is seen at the overnight low of 84.98 and then at Monday's low of 84.72. Wyckoff's Intra Day Market Rating: 4.0
The December Euro is slightly higher in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.2825 and then more stops just below support at 1.2800. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2867 and then at 1.2900. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff's Intra Day Market Rating: 6.0
METALS
Gold is trading near steady in quiet trading early today. In December gold, shorter-term technical support is seen at the overnight low of $623.20 and then at $620.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $628.50 and then more buy stops just above technical resistance at $630.00. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are slightly higher in early electronic dealings. In December crude, look for buy stops to reside just above resistance at $59.50 and then just above resistance at $60.00. Look for sell stops just below technical support at Monday's low of $58.25, and then more sell stops just below support at $58.00. Wyckoff's Intra-Day Market Rating: 3.0
GRAINS
Prices were mixed overnight. Bulls are fading a bit, but nothing serious…yet. Recent losses in the grains are a first warning shot that tops may be close at hand. Keep a close watch on the closes of the markets. Closes near the session low are another warning that the uptrends are losing strength. Key, also, is if the bulls will step in to strongly buy the dips.


Name: Jim Wyckoff 






