U.S. Dollar Firmer in Early Trading
CURRENCIES
The June U.S. dollar index is firmer in early trading today, on short covering in a bear market. Bears still have the near-term technical advantage. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at 76.20 and then at 76.50. Shorter-term support is seen at Friday's low of 75.83 and then at 75.50. Today's key near-term Fibonacci support/resistance level: 76.06. Wyckoff's Intra Day Market Rating: 4.0
The June Euro is weaker in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4738 and then more stops just below support at 1.4700. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.47790 and then at Friday's high of 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: 1.4685 Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is higher in early dealings today. For April gold, shorter-term technical resistance is seen at the contract high of $958.40 and then at the $965.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $947.70 and then just below support at $940.00. Today's key near-term Fibonacci support/resistance level: $932.00. Wyckoff's Intra-Day Market Rating: 7.0
CRUDE OIL
Crude oil prices are firmer early today. In April crude, look for buy stops to reside just above resistance at the overnight high of $99.70 and then just above resistance at $100.00. Look for sell stops just below technical support at the overnight low of $98.45, and then more sell stops just below support at $98.00. Today's key near-term Fibonacci support/resistance level: $96.91. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were sharply higher in overnight trading. New all-time highs were hit in wheat, soybeans and corn. Grain traders will continue to look to the key "outside markets"--gold, crude oil and the U.S. dollar--for direction.


Name: Jim Wyckoff 






