U.S. Dollar Firmer Early
CURRENCIES
The December U.S. dollar index is modestly higher in early trading. Slow stochastics are bullish early today. The dollar index finds shorter-term technical resistance at Tuesday's high of 78.56 and then at 78.73. Shorter-term support is seen at the contract low of 78.10 and then at 78.00. Today's key near-term Fibonacci support/resistance level: 78.71 Wyckoff's Intra Day Market Rating: 3.0
The December Euro is slightly lower in early electronic trading, after hitting a fresh contract and all-time high overnight. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4133 and then more stops just below support at 1.4100. Shorter-term technical resistance for the Euro is seen at the overnight contract high of 1.4183 and then at 1.4200. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral early today. Today's key near-term Fibonacci support/resistance level: 1.4059. Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is trading slightly lower in early dealings today. For December gold, shorter-term technical support is seen at the overnight low of $736.10 and then at $732.50. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $740.50 and then just above resistance at Tuesday's high of $741.70. Today's key near-term Fibonacci support/resistance level: $733.70. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are moderately higher in early electronic dealings. In November crude, look for buy stops to reside just above resistance at Tuesday's high of $80.62 and then just above resistance at $81.00. Look for sell stops just below technical support at the overnight low of $79.30, and then more sell stops just below support at $79.00. Today's key near-term Fibonacci support/resistance level: $79.26. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were mixed in overnight trading. Corn was weaker, beans firmer and wheat solidly higher. Corn and beans are seeing buying interest limited by good harvest progress in the U.S. Corn Belt. Wheat continues to see end-users worldwide scrambling to secure needs, which could even be termed hoarding, which continues to drive futures prices higher.


Name: Jim Wyckoff 






