Name: Jim Wyckoff 
U.S. Dollar Firmer on Tepid Short Covering
CURRENCIES
The June U.S. dollar index is modestly higher lower in early trading, on a tepid short covering bounce from recent losses. Slow stochastics are neutral for today. The dollar index finds shorter-term technical resistance at the overnight high of 83.46 and then at this week's high of 83.68. Shorter-term support is seen at Tuesday's low of 83.00 and then at the January low of 82.70. Wyckoff's Intra Day Market Rating: 3.5
The June Euro is modestly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3239 and then more stops just below support at 1.3200. Shorter-term technical resistance for the Euro is seen at Tuesday's high of 1.3318 and then at 1.3350. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral early today. Wyckoff's Intra Day Market Rating: 7.0
METALS
Gold is solidly lower in early trading today, but well off the overnight low. Gold traders will watch the stock indexes today for direction. Remember that high levels of uncertainty usually prompt traders to liquidate positions, meaning selling pressure in gold after recent strong gains. In April gold, shorter-term technical support is seen at $670.00 and then at the overnight low of $665.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $680.50 and then just above resistance at $685.00. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are lower in early electronic dealings, but near the overnight high, as uncertainty prevails this morning. In April crude, look for buy stops to reside just above resistance at the overnight high of $61.15 and then just above resistance at $61.80. 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: 5.0
GRAINS
Prices were higher overnight on a corrective bounce from big losses Tuesday. Grain traders today will keenly watch the "outside markets" for direction. Any more weakness in the stock market will create more uncertainty which will very likely lead to more selling pressure in the grains. My bias is that a bigger corrective pullback is looming in the coming weeks, and it could be beginning this week. The next major piece of fundamental news for the grain markets to digest will be the March 30th USDA planting intentions report. But this Friday's annual USDA Ag Forum will also have some fresh fundamental news for the grain bulls to digest.
