Name: Jim Wyckoff 
U.S. Dollar Firmer Early, But Bulls Still in Trouble
CURRENCIES
The June U.S. dollar index is slightly higher in early morning trading, on a tepid short covering bounce from recent losses. Prices Thursday hit a fresh contract and two-year low. Bears still have the near-term technical advantage. Slow stochastics are neutral to bullish early today. The dollar index finds shorter-term technical resistance at 81.80 and then at 82.00. Shorter-term support is seen at the contract low of 81.31 and then at 81.00. Wyckoff's Intra Day Market Rating: 2.0
The June Euro is slightly higher in early electronic trading. Prices poked to another fresh contract high overnight. Bulls are still in near-term command. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3632 and then more stops just below support at 1.3600. Shorter-term technical resistance for the Euro is seen at the contract high of 1.3668 and then at 1.3700. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral to bearish early today. Wyckoff's Intra Day Market Rating: 7.0
GOLD
Gold is solidly higher in early trading today. Bull have regained near-term technical momentum today. In June gold, shorter-term technical support is seen at $690.00 and then at the overnight low of $686.70. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at this week's high of $695.90 and then above resistance at the February high of $699.00. Wyckoff's Intra-Day Market Rating: 8.0
CRUDE OIL
Crude oil prices are modestly higher in early electronic dealings. Bulls are fading and need a strong showing today. Prices hit a fresh four-week low overnight. In June crude, look for buy stops to reside just above resistance at $64.00 and then just above resistance at $64.50. Look for sell stops just below technical support at $63.00, and then more sell stops just below support at the overnight low of $62.63. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed overnight. Corn was lower, wheat higher and soybeans near unchanged. Soybeans are still the weak sister in the grains complex. Look for choppy and more direction-less trading in the near term. Weather in the Corn Belt and Plains remains the main fundamental in the grains, and that will be the case for the next few months. Dry and warm weather the next couple days will allow corn planters to roll in the Corn Belt, and that is bearish for corn.
