Name: Jim Wyckoff 
U.S. Dollar Sees Corrective Bounce in Early Trading
CURRENCIES
The June U.S. dollar index is slightly higher in early trading, on short covering following recent losses. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 83.20 and then at 83.40. Shorter-term support is seen at 83.00 and then at 82.75. Wyckoff's Intra Day Market Rating: 4.5
The June Euro is slightly lower in early electronic trading. Prices are seeing profit-taking pressure after hitting a three-month high last week. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3298 and then more stops just below support at 1.3250. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.3337 and then at Friday's high of 1.3387. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish early today. Wyckoff's Intra Day Market Rating: 5.0
METALS
Gold is higher in early trading today. In June gold, shorter-term technical support is seen at the overnight low of $663.30 and then at Friday's low of $661.20. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at $670.00 and then just above resistance at Friday's high of $671.50. Wyckoff's Intra-Day Market Rating: 6.0
CRUDE OIL
Crude oil prices are higher in early electronic dealings, and have hit a fresh three-week high, due to tensions between Iran and the U.S. and U.K. In May crude, look for buy stops to reside just above resistance at this month's high of $63.75 and then just above resistance at $64.00. Look for sell stops just below technical support at the overnight low of $62.34, and then more sell stops just below support at $62.00. Wyckoff's Intra-Day Market Rating: 7.5
GRAINS
Prices were lower overnight. This coming Friday is the big day for which traders have been waiting: the USDA Planting Intentions report. Look for high volatility on Friday, as it is virtually assured the report will be a surprise to some traders, as there is no real consensus on what intended planted corn and soybean acres will be forecast by USDA. Also, wet weather forecast for parts of the Corn Belt this week will limit selling interest in corn.
