Name: Jim Wyckoff 
U.S. Dollar Near Steady Early
CURRENCIES
The June U.S. dollar index is near steady in early morning trading. 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 the overnight high of 81.51 and then at Monday's high of 81.75. Shorter-term support is seen at the overnight low of 81.51 and then at the contract low of 81.31. Wyckoff's Intra Day Market Rating: 3.0
The June Euro is slightly higher in early electronic trading. Bulls are still in near-term technical command. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3578 and then more stops just below support at Monday's low of 1.3570. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.3618 and then at Monday's high of 1.3637. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish early today. Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is near steady in early trading today. Bulls still have some near-term technical momentum on their side. In June gold, shorter-term technical support is seen at the overnight low of $689.20 and then at $687.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at last week's high of $698.00 and then above major psychological resistance at $700.00. Wyckoff's Intra-Day Market Rating: 7.0
CRUDE OIL
Crude oil prices are slightly lower in early electronic dealings, following strong gains Monday. Bulls have gained fresh upside technical momentum this week. In June crude, look for buy stops to reside just above resistance at the overnight high of $66.20 and then just above resistance at $66.50. Look for sell stops just below technical support at $65.50, and then more sell stops just below support at $65.00. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were lower overnight. Corn was slightly lower but wheat and soybeans were sharply lower. Weekly crop progress reports were deemed bearish for wheat and soybeans and neutral to bullish for corn. Rain in the Corn Belt the next couple days will also aid the corn bulls today. Look for more choppy 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.
