S&P 500
2018.05
+23.40 +1.17%
Dow Indu
17390.52
+195.10 +1.13%
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4630.19
+64.05 +1.40%
Crude Oil
80.70
-0.42 -0.52%
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1172.85
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1.25250
-0.00792 -0.63%
US Dollar
86.913
+0.748 +0.96%
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CURRENCIES

The December Dollar was higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off October's low, September's high crossing at 86.87 is the next upside target. Closes below October's low crossing at 84.52 would confirm that a top has been posted while renewing the decline off September's high. First resistance is the overnight high crossing at 86.83. Second resistance is September's high crossing at 86.87. First support is the 25% retracement level of the May-September-rally crossing at 84.95. Second support is the 38% retracement level of the May-September-rally crossing at 83.95.

The December Euro was lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, October's low crossing at 125.06 is the next downside target. If December renews the rally off October's low, the 38% retracement level of the May-September-rally crossing at 130.67 is the next upside target. First resistance is the 25% retracement level of the May-September-rally crossing at 128.71. Second resistance is the 38% retracement level of the May-September-rally crossing at 130.67. First support is October's low crossing at 125.06. Second support is monthly support crossing at 124.56.

The December British Pound was slightly higher overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off September's high, the 62% retracement level of the 2013-2014-rally crossing at 1.5732 is the next downside target. Closes above the reaction high crossing at 1.6218 are needed to confirm that a low has been posted. First resistance is the reaction high crossing at 1.6218. Second resistance is September's high crossing at 1.6515. First support is October's low crossing at 1.5866. Second support is the 62% retracement level of the 2013-2014-rally crossing at 1.5732.

The December Swiss Franc was lower overnight. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off October's high, October's low crossing at 1.0333 is the next downside target. If December renews the rally off October's low, the 38% retracement level of the March-October-decline crossing at 1.0775 is the next upside target. First resistance is the 25% retracement level of the March-October-decline crossing at 1.0622. Second resistance is the 38% retracement level of the March-October-decline crossing at 1.0775. First support is October's low crossing at 1.0333. Second support is monthly support crossing at 1.0259.

The December Canadian Dollar was slightly higher overnight. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this month's rally, the reaction high crossing at 90.16 is the next upside target. Closes below the 10-day moving average crossing at 89.00 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 89.81. Second resistance is the reaction high crossing at 90.16. First support is October's low crossing at 87.69. Second support is monthly support crossing at 85.30.

The December Japanese Yen was sharply lower overnight and posted a new contract low as it extends the decline off October's high. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, monthly support crossing at .8876 is the next downside target. Closes above the 20-day moving average crossing at .9278 would confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at .9278. Second resistance is October's high crossing at .9516. First support is the overnight low crossing at .8941. Second support is monthly support crossing at .8876.

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