U.S. Dollar Weaker in Early Dealings
CURRENCIES
The March U.S. dollar index is weaker in early trading today. Bears still have the overall near-term technical advantage. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at the overnight high of 76.17 and then at 76.38. Shorter-term support is seen at this week's low of 75.91 and then at 75.80. Today's key near-term Fibonacci support/resistance level: 76.54. Wyckoff's Intra Day Market Rating: 4.0
The March Euro is firmer in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.4694 and then more stops just below support at 1.4650. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4753 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: 1.4685 Wyckoff's Intra Day Market Rating: 6.0
GOLD
Gold is higher in early dealings today, and hit a fresh all-time high overnight. For April gold, shorter-term technical resistance is seen at the overnight contract high of $952.40 and then at $955.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $941.00 and then just below support at $935.00. Today's key near-term Fibonacci support/resistance level: $928.00. Wyckoff's Intra-Day Market Rating: 8.0
CRUDE OIL
Crude oil prices are weaker early today, on profit-taking pressure from recent strong gains. In April crude, look for buy stops to reside just above resistance at $100.00 and then just above resistance at Wednesday's contract high of $108.86. Look for sell stops just below technical support at $98.00, and then more sell stops just below support at $97.00. Today's key near-term Fibonacci support/resistance level: $96.91. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were higher in overnight trading. Weekly USDA export sales data is delayed until Friday, due to the federal holiday on Monday. The grain bulls have made a big run and now may need to at least pause for a bit. Grain traders will continue to look to the key "outside markets"--gold, crude oil and the U.S. dollar--for direction. My bias is also that wheat will continue to be a leader in the grain futures complex.


Name: Jim Wyckoff 






