Name: Jim Wyckoff 
U.S. Dollar Stronger as Greenback Bulls Gain Confidence
CURRENCIES
The September U.S. dollar index is solidly higher in early morning trading. Bulls are gaining fresh upside near-term technical momentum. Slow stochastics are bullish early today. The dollar index finds shorter-term technical resistance at 81.00 and then at 81.25. Shorter-term support is seen at 80.61 and then at the overnight low of 80.29. Today's key near-term Fibonacci support/resistance level: 81.58. Wyckoff's Intra Day Market Rating: 7.0
The September Euro is solidly lower in early electronic trading and hit a fresh three-week low overnight. The Euro finds sell stop orders are likely located just below technical support at 1.3650 and then more stops just below support at 1.3600. Shorter-term technical resistance for the Euro is seen at 1.3700 and then at 1.3750. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish early today. Today's key near-term Fibonacci support/resistance level: 1.3592. Wyckoff's Intra Day Market Rating: 3.0
GOLD
Gold is trading lower in early dealings today, amid the solid rebound in the greenback. Gold bulls are fading rapidly. For December gold, shorter-term technical support is seen at $670.00 and then at Thursday's low of $665.30. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at $675.00 and then at $680.00. Today's key near-term Fibonacci support/resistance level: $677.30. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are slightly lower in early electronic dealings. Recent price action has formed a rare and potentially bearish broadening pattern on the daily bar chart. In September crude, look for buy stops to reside just above resistance at the overnight high of $75.68 and then just above resistance at $76.00. Look for sell stops just below technical support at $74.50, and then more sell stops just below support at $74.00. Today's key near-term Fibonacci support/resistance level: $72.31. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed overnight, with wheat and soybeans weaker and corn firmer. I would not be surprised to see a profit-taking pullback in wheat futures, heading into the weekend. Weather is a mixed bag for the Corn Belt, with near-term rain in the forecast, but longer-term forecasts calling for hotter and drier heading into August. That should make for choppy trading today in corn and beans.
