Name: Jim Wyckoff 
U.S. Dollar Weaker Again in Early Trading
CURRENCIES
The December U.S. dollar index is lower in early trading today. 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 the overnight high of 77.53 and then at this week's high of 78.18. Shorter-term support is seen at the overnight low of 77.27 and then at contract low of 77.15. Today's key near-term Fibonacci support/resistance level: 77.67 Wyckoff's Intra Day Market Rating: 3.0
The December Euro is higher in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4259 and then more stops just below support at 1.4200. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4327 and then at the contract high of 1.4363. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish early today. Today's key near-term Fibonacci support/resistance level: 1.4240. Wyckoff's Intra Day Market Rating: 8.0
GOLD
Gold is trading higher in early dealings today. For December gold, shorter-term technical support is seen at the overnight low of $765.50 and then at $760.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $771.80 and then just above resistance at last week's high of $776.90. Today's key near-term Fibonacci support/resistance level: $767.00. Wyckoff's Intra-Day Market Rating: 8.0
CRUDE OIL
Crude oil prices are higher in early electronic dealings and set new highs overnight. In December crude, look for buy stops to reside just above resistance at the contract high of $88.99 and then just above resistance at $90.50. Look for sell stops just below technical support at the overnight low of $87.54, and then more sell stops just below support at $87.00. Today's key near-term Fibonacci support/resistance level: $86.85. Wyckoff's Intra-Day Market Rating: 8.0
GRAINS
Prices were mixed in overnight trading. Corn and soybeans were higher and wheat was solidly lower. Traders will closely scrutinize today’s weekly USDA export sales data, which has been bullish recently. Wheat bears have good downside technical momentum, and if wheat sees sharp losses today, then corn and soybeans will find gains limited. Traders are still keeping an eye on the important "outside markets" today, which are mostly bullish in early dealings. The U.S. dollar is weaker today and gold and crude oil prices are higher. My bias is still that corn and beans do not have a lot of upside price potential in the near term.
