U.S. Dollar Weaker in Early Trading
CURRENCIES
The March U.S. dollar index is lower in early trading. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at 83.50 and then at the overnight high of 83.69. Shorter-term support is seen at the overnight low of 83.30 and then at 83.00. Wyckoff's Intra Day Market Rating: 5.0
The March Euro is higher in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.3200 and then more stops just below support at the overnight low of 1.3137. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.3230 and then at 1.3250. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish early today. Wyckoff's Intra Day Market Rating: 5.0
METALS
Gold is slightly higher in quiet trading early today. In February gold, shorter-term technical support is seen at Monday's low of $615.10 and then at $610.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at Monday's high of $621.90 and then more buy stops just above technical resistance at $625.00. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are weaker in early electronic dealings, on more profit-taking pressure from recent gains. Bulls are fading. In January crude, look for buy stops to reside just above resistance at the overnight high of $62.32 and then just above resistance at $63.00. Look for sell stops just below technical support at $61.50, and then more sell stops just below support at $61.00. Wyckoff's Intra-Day Market Rating: 4.0
GRAINS
Prices were narrowly mixed overnight. Trading has become choppier heading into the end of the year, which is not surprising. However, bulls have faded. It's not likely the funds are going to want to establish fresh long positions as the end of the year nears. Grain traders will also watch the gold and crude oil markets closely, for some guidance.


Name: Jim Wyckoff 






