Commodity OnlineThe December Euro currency closed down 121 points at 1.2657 today. Prices closed nearer the session high. Bears still have the overall near-term technical advantage. Prices are still in a 3.5-month-old downtrend on the daily bar chart.
The December Japanese yen closed up 68 points at 1.0327 today. Prices closed near mid-range. Bulls still have the near-term technical advantage. Prices are still in an 11- week-old uptrend on the daily bar chart.
The December Swiss franc closed down 84 points at .8353 today. Prices closed nearer the session low today and closed at a fresh contract low close. Bears still have the solid near-term technical advantage.
The December Canadian dollar closed up 26 points at .8175 today. Prices closed nearer the session on
short covering.
Bears still have the near-term technical advantage. Bulls' next upside price objective is producing a close above solid chart resistance at .8400. The December British pound closed up 82 points at 1.5017 today. Prices closed near the session high on short covering in a bear market. Bears still have the solid near-
term technical advantage.
Prices are still in a seven-week- old downtrend on the daily bar chart. The December U.S. dollar index closed down 95 points at 87.24 today. Prices closed nearer the session low today on profit taking after hitting a fresh contract high last week. The bulls still have the overall near-term technical advantage.
