GOLD
Gold is higher in early dealings today. For December gold, shorter-term technical resistance is seen at $900.00 and then at $910.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at $890.00 and then at the overnight low of $880.40. Today's key near-term Fibonacci support/resistance level: $879.00. Wyckoff's Intra-Day Market Rating: 6.0
CRUDE OIL
Crude oil prices are higher early today. In November crude, look for buy stops to reside just above resistance at this week's high of $110.45 and then just above resistance at 111.00. Look for sell stops just below technical support at $108.00 and then more sell stops just below support at the overnight low of $106.65. Today's key near-term Fibonacci support/resistance level: $110.10. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were higher in overnight trading, amid higher crude oil prices overnight. Grain traders will continue to focus on the outside markets for the near term, which do at present favor the grain bulls. Seasonal harvest pressures for corn and soybeans are a bearish underlying fundamental factor for which traders at present are not paying attention.