Name: Jim Wyckoff 
U.S. Dollar Sees Tepid Short-Covering Bounce Early
CURRENCIES
The December U.S. dollar index is slightly higher in early trading, on tepid short covering after hitting another fresh contract low overnight. Slow stochastics are neutral early today. The dollar index finds shorter-term technical resistance at 79.00 and then at the Thursday's high of 79.14. Shorter-term support is seen at the overnight contract low of 78.34 and then at 78.00. Today's key near-term Fibonacci support/resistance level: 79.64 Wyckoff's Intra Day Market Rating: 2.0
The December Euro is modestly lower in early electronic trading, after hitting a fresh high overnight. The Euro finds sell stop orders are likely located just below technical support at 1.4050 and then more stops just below support at 1.4000. Shorter-term technical resistance for the Euro is seen at the overnight contract high of 1.4140 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: 1.3935. Wyckoff's Intra Day Market Rating: 7.0
GOLD
Gold is trading higher in early dealings today, and hit another fresh 16-month high overnight. Bulls still have the solid near-term technical advantage. For December gold, shorter-term technical support is seen at $740.00 and then at $735.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $747.10 and then just above resistance at $750.00. Today's key near-term Fibonacci support/resistance level: $734.00. Wyckoff's Intra-Day Market Rating: 8.0
CRUDE OIL
Crude oil prices are weaker in early electronic dealings. In November crude, look for buy stops to reside just above resistance at Thursday's contract high of $81.92 and then just above resistance at $82.50. Look for sell stops just below technical support at $81.00, and then more sell stops just below support at $80.00. Today's key near-term Fibonacci support/resistance level: $79.58. Wyckoff's Intra-Day Market Rating: 7.5
GRAINS
Prices were mixed in overnight trading, with wheat and corn higher and soybeans slightly lower. Corn bulls have fresh upside technical momentum, amid a fresh focus by traders on demand prospects going forward. Beans are still fully technically bullish with no clues of a market top being close at hand. Wheat is still overall bullish but the market has been trading sideways for several sessions, which means the uptrend has weakened just a bit. Corn and beans will still be impacted by bigger moves in the wheat market.
