CURRENCIES
The December U.S. dollar index is slightly lower in early trading. Bulls are fading. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 86.64 and then at Tuesday’s high of 86.75. Shorter-term support is seen at the overnight low of 86.49 and then at Tuesday’s low of 86.42. Wyckoff’s Intra Day Market Rating: 5.0
The December Euro is steady in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.2550 and then more stops just below support at last week’s low of 1.2526. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2600 and then at 1.2621. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 5.0
METALS
Gold is trading modestly higher early today. In December gold, shorter-term technical support is seen at the overnight low of $591.70 and then at Tuesday’s low of $589.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $598.80 and then more buy stops just above technical resistance at $600.00. Wyckoff’s Intra-Day Market Rating: 7.0
ENERGIES
Crude oil prices are slightly higher in early electronic dealings. In December crude, look for buy stops to reside just above resistance at $61.00 and then just above resistance at $61.50. Look for sell stops just below technical support at $60.00, and then more sell stops just below support at $59.50. Wyckoff’s Intra-Day Market Rating: 2.5
