U.S. Dollar Stronger in Early Dealings
CURRENCIES
The September U.S. dollar index is higher in early morning trading. Slow stochastics are bearish early today. The dollar index finds shorter-term technical resistance at the overnight high of 82.50 and then at 82.75. Shorter-term support is seen at Wednesday's low of 82.21 and then at 82.00. Wyckoff's Intra Day Market Rating: 5.0
The September Euro is weaker in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.3410 and then more stops just below support at 1.3400. Shorter-term technical resistance for the Euro is seen at 1.3450 and then at this week's high of 1.3478. 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 weaker in early dealings today. For August gold, shorter-term technical support is seen at the overnight low of $654.10 and then at $650.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $659.30 and then at $662.50. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are higher in early electronic dealings. Bulls still have upside near-term technical momentum on their side, but there is strong overhead resistance around the $70.00 level. In August crude, look for buy stops to reside just above resistance at $70.00 and then just above resistance at $70.50. Look for sell stops just below technical support at $69.00, and then more sell stops just below support at $68.30. Wyckoff's Intra-Day Market Rating: 8.0
GRAINS
Prices were higher in overnight trading. All eyes will be on updated weather forecasts this morning and at midday. Here's the key for traders: Weather forecasts can and will flip-flop on near-term expectations for the Corn Belt. But key is to watch for a trend change in the weather patterns. Right now the overall weather trend in the Corn Belt remains in favor of the bulls. The fireworks this summer are not finished. Dips are still seen as buying opportunities in grains.


Name: Jim Wyckoff 






