Name: Jim Wyckoff 
U.S. Dollar Firmer Early; Bears Still Strong
CURRENCIES
The December U.S. dollar index is modestly higher in early trading today. Bears still have downside technical momentum. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 77.77 and then at 78.00. Shorter-term support is seen at the overnight low of 77.47 and then at 77.30. Today's key near-term Fibonacci support/resistance level: 77.80 Wyckoff's Intra Day Market Rating: 4.0
The December Euro is weaker in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4201 and then more stops just below support at Tuesday's low of 1.4184. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4282 and then at 1.4300. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish early today. Today's key near-term Fibonacci support/resistance level: 1.4197. Wyckoff's Intra Day Market Rating: 5.0
GOLD
Gold is trading lower in early dealings today. For December gold, shorter-term technical support is seen at $755.00 and then at this week's low of $749.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $763.90 and then just above resistance at Wednesday's high of $765.50. Today's key near-term Fibonacci support/resistance level: $766.50. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are slightly lower in early electronic dealings. In December crude, look for buy stops to reside just above resistance at $86.00 and then just above resistance at $87.00. Look for sell stops just below technical support at the overnight low of $84.68, and then more sell stops just below support at $84.00. Today's key near-term Fibonacci support/resistance level: $84.40. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were lower in overnight trading, with wheat leading losses. The bulls are fading again. Traders are still focusing on the important "outside markets" today. My bias is still that the grains do not have a lot of upside price potential in the near term. The bulls do appear to be tired in the grains.
