Name: Jim Wyckoff 
U.S. Dollar Firmer on Tepid Short Covering
CURRENCIES
The December U.S. dollar index is firmer in early trading today, on a tepid short-covering bounce. Bears still have downside technical momentum. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at 77.00 and then at 77.21. Shorter-term support is seen at the contract low of 76.79 and then at 76.50. Today's key near-term Fibonacci support/resistance level: 77.30 Wyckoff's Intra Day Market Rating: 3.0
The December Euro is weaker in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.4363 and then more stops just below support at 1.4300. Shorter-term technical resistance for the Euro is seen at the contract high of 1.4448 and then at 1.4500. 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: 1.4330. Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is trading solidly lower in early dealings today, on a profit-taking pullback from recent strong gains. For December gold, shorter-term technical support is seen at $785.00 and then at $780.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at $790.00 and then just above resistance at the overnight high of $795.60. Today's key near-term Fibonacci support/resistance level: $779.50. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are lower in early electronic dealings, on profit taking. In December crude, look for buy stops to reside just above resistance at the contract high of $93.70 and then just above resistance at $94.00. Look for sell stops just below technical support at $92.00, and then more sell stops just below support at $91.00. Today's key near-term Fibonacci support/resistance level: $90.00. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were solidly lower in overnight trading. Traders are still focusing on the important "outside markets," and the overnight losses in grains were mainly due to overnight losses in crude oil and gold. Amid a lack of major fresh fundamental news in the grains, look for grain traders to continue to keep their main focus on the outside markets.
