CURRENCIES
The December U.S. dollar index is slightly lower in early trading today. But bears still have the overall near-term technical advantage. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter-term technical resistance at Tuesday's high of 78.27 and then at 78.50. Shorter-term support is seen at Tuesday's low of 77.96 and then at this week's low of 77.86. Today's key near-term Fibonacci support/resistance level: 78.34 Wyckoff's Intra Day Market Rating: 4.0
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 1.4162 and then more stops just below support at 1.4100. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4213 and then at this week's high of 1.4262. 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: 1.4198. Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is trading higher in early dealings today. Bulls still have upside near-term technical momentum. For December gold, shorter-term technical support is seen at the overnight low of $760.20 and then at Tuesday's low of $758.20. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $769.80 and then just above resistance at this week's high of $772.00. Today's key near-term Fibonacci support/resistance level: $754.50. Wyckoff's Intra-Day Market Rating: 7.0
CRUDE OIL
Crude oil prices are near steady in early electronic dealings. Bulls are still technically very strong, but the market is also short-term overbought and due for at least a downside correction soon. In November crude, look for buy stops to reside just above resistance at the contract high of $88.14 and then just above resistance at $89.00. Look for sell stops just below technical support at $87.00, and then more sell stops just below support at $86.00. Today's key near-term Fibonacci support/resistance level: $84.43. Wyckoff's Intra-Day Market Rating: 8.0
GRAINS
Prices were mixed but mostly lower in overnight trading. Corn and beans were lower and wheat was modestly higher. Wheat bulls have faded and bears are gaining confidence that a major market top is in place. Bean bulls still have some technical momentum, and corn bulls are fading a bit again, but it does appear a harvest low is in place in corn.