Name: Jim Wyckoff 
U.S. Dollar Near Steady in Early Trading
CURRENCIES
The December U.S. dollar index is weaker in early trading today. Bulls have regained some fresh upside technical momentum this week. A weekly high close would give the bulls added strength. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at 76.00 and then at 76.23. Shorter-term support is seen at the overnight low of 75.54 and then at Thursday's low of 75.32. Today's key near-term Fibonacci support/resistance level: 75.97 Wyckoff's Intra Day Market Rating: 5.0
The December Euro is slightly higher in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at this week's low of 1.4719 and then more stops just below support at 1.4650. Shorter-term technical resistance for the Euro is seen at 1.4800 and then at 1.4850. 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: 1.4697. Wyckoff's Intra Day Market Rating: 5.0
GOLD
Gold is trading near steady in early dealings today. Bulls are fading. For December gold, shorter-term technical support is seen at the overnight low of $792.00 and then at $790.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at $800.00 and then just above resistance at $805.00. Today's key near-term Fibonacci support/resistance level: $798.00. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are solidly lower early today, with prices hitting a fresh four-week low and falling below $90 a barrel. In January crude, look for buy stops to reside just above resistance at $90.00 and then just above resistance at $91.00. Look for sell stops just below technical support at $89.00, and then more sell stops just below support at the overnight low of $88.52. Today's key near-term Fibonacci support/resistance level: $88.17. Wyckoff's Intra-Day Market Rating: 4.0
GRAINS
Prices were lower in overnight trading. Solid losses in crude oil overnight pressured the grains overnight. Grain bulls will be on shaky ground in the coming weeks if the crude oil market tumbles. The "outside markets" gold, crude oil and the dollar are still the main drivers in the grain markets. Bean bulls are still in technical command, but wheat bulls became technically exhausted on Thursday. For more on grains, make sure to read my afternoon "Daily Markets Update" report. If you don't have access to that report, email me at jim@jimwyckoff.com and I'll email it back to you.
