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CURRENCIES:

The December Dollar closed higher on Monday as it extends the rally off September's low. The low-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, August's high crossing at $93.71 is the next upside target. Closes below last-Tuesday's low crossing at $92.29 would signal that a short-term top has been posted. First resistance is today's high crossing at 93.45. Second resistance is August's high crossing at 93.71. First support is last-Tuesday's low crossing at $92.29. Second support is September's low crossing at 91.94. Third support is July's low crossing at 91.78.

The December Euro closed slightly lower on Monday as it extended the decline off September's high. The high-range close sets the stage for a steady to slightly lower opening when Tuesday's night session begins trading. 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, August's low crossing at 116.90 is the next downside target. Closes above the 20-day moving average crossing at 118.22 would signal that a short-term low has been posted. First resistance is July's high crossing at 119.38. Second resistance is the June 25th high crossing at 120.13. First support is today's low crossing at 117.19. Second support is August's low crossing at 116.90.

The December British Pound closed sharply lower on Monday as it extended the decline off last-Tuesday's high. The low-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off last-Tuesday's high, August's low crossing at 1.3608 is the next downside target. Closes above the 50-day moving average crossing at 1.3804 would signal that a short-term low has been posted. First resistance is last-Tuesday's high crossing at 1.3917. Second resistance is the July 30th high crossing at 1.3977. First support is today's low crossing at 1.3642. Second support is the August low crossing at 1.3608.

The December Swiss Franc closed higher on Monday as it consolidated some of the decline off August's high. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. 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 decline off August's high, March's low crossing at 1.0654 is the next downside target. Closes above the 50-day moving average crossing at 1.1945 would confirm that a short-term low has been posted. First resistance is the 10-day moving average crossing at 1.1865. Second resistance is the 20-day moving average crossing at 1.0915. First support is the 87% retracement level of the March-June-rally crossing at 1.0730. Second support is March's low crossing at 1.0654.

The December Canadian Dollar closed lower on Monday as it extends the decline off September's high. The mid-range close sets the stage for a steady to lower opening when Tuesday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, August's low crossing at 77.24 is the next downside target. Closes above the 50-day moving average crossing at 79.34 would signal that a short-term low has been posted. First resistance is September's high crossing at 80.09. Second resistance is the July 30th high crossing at 80.46. First support is today's low crossing at 77.54. Second support is August's low crossing at 77.24.

The December Japanese Yen closed higher on Monday while extending the July-September trading range. The high-range close sets the stage for a steady to higher opening when Tuesday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the August high crossing at 0.092040 or below August's low crossing at 0.090390 are needed to confirm a breakout of the aforementioned trading range. First resistance is August's high crossing at 0.092040. Second resistance is May's high crossing at 0.092245. First support is August's low crossing at 0.090390. Second support is July's low crossing at 0.089690.