Name: Jim Wyckoff 
U.S. Dollar Weaker; But Bulls Still Confident
CURRENCIES
The March U.S. dollar index is weaker in early trading today, on a corrective pullback from recent gains. Bulls still have some upside technical momentum on their side. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at the overnight high of 77.70 and then at 77.85. Shorter-term support is seen at the overnight low of 77.48 and then at this week's low of 77.29. Today's key near-term Fibonacci support/resistance level: 78.18 Wyckoff's Intra Day Market Rating: 5.0
The March Euro is higher in early electronic trading, on a short-covering bounce. The Euro finds sell stop orders are likely located just below technical support at this week's low of 1.4323 and then more stops just below support at 1.4300. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4422 and then at 1.4450. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral early today. Today's key near-term Fibonacci support/resistance level: 1.4491. Wyckoff's Intra Day Market Rating: 5.5
GOLD
Gold is trading modestly higher in early dealings today. For February gold, shorter-term technical support is seen at $800.00 and then at $795.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at this week's high of $811.40 and then just above resistance at $815.00. Today's key near-term Fibonacci support/resistance level: $809.00. Wyckoff's Intra-Day Market Rating: 6.0
CRUDE OIL
Crude oil prices are near steady early today. In February 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 this week's low of $89.15. Today's key near-term Fibonacci support/resistance level: $90.38. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed in overnight trading, with wheat lower and corn and beans modestly higher. The bulls appear to be losing a bit of steam at higher price levels. 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. But, "the trend is your friend" in trading markets, and the trends in the grains are solidly up, at present.
