Name: Jim Wyckoff 
U.S. Dollar Bulls Have Upside Technical Momentum
CURRENCIES
The March U.S. dollar index is firmer in early trading today. Bulls have gained fresh upside technical momentum recently. Prices hit a fresh seven-week high overnight. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 77.78 and then at 78.00. Shorter-term support is seen at the overnight low of 77.31 and then at 77.00. Today's key near-term Fibonacci support/resistance level: 78.18 Wyckoff's Intra Day Market Rating: 6.0
The March Euro is lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4324 and then more stops just below support at 1.4300. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4465 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: 1.4221. Wyckoff's Intra Day Market Rating: 4.0
GOLD
Gold is trading lower in early dealings today. For February gold, shorter-term technical support is seen at the overnight low of $789.60 and then at $783.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at $800.00 and then just above resistance at the overnight high of $803.60. Today's key near-term Fibonacci support/resistance level: $809.00. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are lower early today. In January crude, look for buy stops to reside just above resistance at $92.00 and then just above resistance at $93.00. Look for sell stops just below technical support at $90.00, and then more sell stops just below support at $89.00. Today's key near-term Fibonacci support/resistance level: $90.97. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were higher in overnight trading. Corn, beans and wheat are all in extremely bullish technical postures. Even weaker "outside markets" gold and crude oil early today, and a firmer U.S. dollar, did not have much of a bearish impact on the grains. But these markets are very mature bull markets and are ripe for at least a significant downside "correction" soon. Heading into the end of the year, it would not surprise me to see some profits taken off the table by the bulls who have big winning positions.
