U.S. Dollar Higher Early
CURRENCIES
The September U.S. dollar index is solidly higher in early trading. Slow stochastics are neutral early today. The dollar index finds shorter-term technical resistance at 81.00 and then at 81.20. Shorter-term support is seen at 80.89 and then at the overnight low of 80.59. Today's key near-term Fibonacci support/resistance level: 81.16. Wyckoff's Intra Day Market Rating: 6.0
The September Euro is lower in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.3600 and then more stops just below support at 1.3550. Shorter-term technical resistance for the Euro is seen at 1.3650 and then at 1.3700. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral early today. Today's key near-term Fibonacci support/resistance level: 1.3683. Wyckoff's Intra Day Market Rating: 4.0
GOLD
Gold is trading modestly lower in early dealings today. For December gold, shorter-term technical support is seen at the overnight low of $672.60 and then at this week's low of $670.20. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $676.50 and then at last week's high of $679.00. Today's key near-term Fibonacci support/resistance level: $684.50. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are near steady in early electronic dealings. In October crude, look for buy stops to reside just above resistance at $74.00 and then just above resistance at $74.50. Look for sell stops just below technical support at $73.00, and then more sell stops just below support at $72.50. Today's key near-term Fibonacci support/resistance level: $74.50. Wyckoff's Intra-Day Market Rating: 7.0
GRAINS
Prices were higher in overnight trading, with wheat leading the way with sharp gains. In corn and beans, focus will now turn more to demand instead of supply. Corn and bean bulls need some fresh bullish fundamental inputs. Wheat bulls continue strong amid strong worldwide demand and still no solid technical clues that a near-term top is close at hand. Traders will closely scrutinize this morning's USDA weekly export sales data, which should favor the bulls.


Name: Jim Wyckoff 






