CURRENCIES
The December U.S. dollar index is solidly lower in early trading, and trading near the contract low. Slow stochastics are neutral early today. The dollar index finds shorter-term technical resistance at the overnight high of 78.45 and then at this week's high of 78.56. Shorter-term support is seen at the contract low of 78.10 and then at 78.00. Today's key near-term Fibonacci support/resistance level: 78.71 Wyckoff's Intra Day Market Rating: 1.0
The December Euro is higher in early electronic trading and hit another fresh contract and all-time high overnight. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4146 and then more stops just below support at 1.4100. Shorter-term technical resistance for the Euro is seen at the overnight contract high of 1.4199 and then at 1.4250. 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: 1.4068. Wyckoff's Intra Day Market Rating: 8.0
GOLD
Gold is trading solidly higher in early dealings today. For December gold, shorter-term technical support is seen at $737.50 and then at the overnight low of $733.90. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at this week's high of $744.20 and then just above resistance at last week's high of $747.10. Today's key near-term Fibonacci support/resistance level: $733.70. Wyckoff's Intra-Day Market Rating: 8.0
CRUDE OIL
Crude oil prices are solidly higher in early electronic dealings, amid another storm brewing in the Gulf of Mexico. In November crude, look for buy stops to reside just above resistance at the overnight high of $81.36 and then just above resistance at this week's high of $81.60. Look for sell stops just below technical support at the overnight low of $80.50, and then more sell stops just below support at $80.00. Today's key near-term Fibonacci support/resistance level: $79.26. Wyckoff's Intra-Day Market Rating: 8.0
GRAINS
Prices were solidly higher in overnight trading. Bulls have gained more fresh upside technical momentum this week, led by wheat. The higher "outside markets" today--namely gold and crude oil--appear ready to give the grains an added boost, with increased fund participation on the long side likely. Traders will closely scrutinize this morning's weekly USDA export sales data, which has been bullish the past few weeks.