Name: Jim Wyckoff 
Wheat Market Leads Rally in Grain Futures
GRAINS
Prices were solidly higher in overnight trading. Limit gains across the board in wheat futures Monday are fueling all the grain markets early this week. Here's a key factor for all grain traders for the near term: Keep a close eye on the Minneapolis spring wheat futures market. This smaller market has led the wheat futures higher recently, and wheat has led the grains recently. Any significant weakening in the Minneapolis wheat futures market could well have a domino effect in the grains. Grain traders will also continue to look to the key "outside markets" gold and crude oil for direction.
CURRENCIES
The March U.S. dollar index is steady-weak in early trading today. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at 76.00 and then at 76.20. Shorter-term support is seen at 75.50 and then at this month's low of 75.27. Today's key near-term Fibonacci support/resistance level: 75.93 Wyckoff's Intra Day Market Rating: 3.5
The March Euro is steady-firm in early electronic trading. The Euro finds sell stop orders are likely located just below technical support at 1.4700 and then more stops just below support at this week's low of 1.4643. Shorter-term technical resistance for the Euro is seen at this week's high of 1.4781 and then at 1.4800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish early today. Today's key near-term Fibonacci support/resistance level: 1.4700. Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is near steady in early dealings today and set an all-time high of $939.00 overnight. For April gold, shorter-term technical support is seen at the overnight low of $926.80 and then at $920.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight contract and all-time high of $939.00 and then just above resistance at $945.00. Today's key near-term Fibonacci support/resistance level: $907.00. Wyckoff's Intra-Day Market Rating: 7.0
CRUDE OIL
Crude oil prices are firmer early today. In March crude, look for buy stops to reside just above resistance at $92.00 and then just above resistance at $93.00. Look for sell stops just below technical support at $90.00, and then more sell stops just below support at $89.00. Today's key near-term Fibonacci support/resistance level: $90.90. Wyckoff's Intra-Day Market Rating: 6.0
