U.S. Dollar Firmer in Early Trading
CURRENCIES
The June U.S. dollar index is slightly higher in early morning trading. Slow stochastics are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 82.15 and then at last week's high of 82.29. Shorter-term support is seen at the overnight low of 82.00 and then at 81.75. Wyckoff's Intra Day Market Rating: 5.5
The June Euro is slightly lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3519 and then more stops just below support at the May low of 1.3482. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.3560 and then at 1.3600. 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
GOLD
Gold is trading slightly higher in early trading today. Bears have gained near-term technical momentum this week. For June gold, shorter-term technical support is seen at the overnight low of $661.50 and then at this week's low of $660.60. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $665.30 and then at $667.50. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are modestly higher in early electronic dealings. In June crude, look for buy stops to reside just above resistance at this week's high of $63.30 and then just above resistance at $64.00. Look for sell stops just below technical support at $62.50, and then more sell stops just below support at $62.00. Wyckoff's Intra-Day Market Rating: 5.5
GRAINS
Prices were lower in overnight trading, on profit-taking pressure from recent gains. Corn and soybean bulls still have some technical momentum on their side, as traders have seen dips in these markets as buying opportunities. Wheat will be a follower of corn and soybeans for the near term, but the wheat bulls don't have the momentum that corn and bean bulls have.


Name: Jim Wyckoff 






