CURRENCIES

The June U.S. dollar index is slightly higher in
early trading today. Bears still have downside
technical momentum. Slow stochastics for the dollar
index are bearish early today. The dollar index
finds shorter-term technical resistance at the
overnight high of 72.23 and then at 72.50. Shorter-
term support is seen at the overnight low of 71.75
and then at 71.50. Today's key near-term Fibonacci
support/resistance level: 72.45 Wyckoff's Intra Day
Market Rating: 4.0

The June Euro is slightly lower in early electronic
trading. The Euro finds sell stop orders are likely
located just below technical support at the
overnight low of 1.5667 and then more stops just
below support at 1.5600. Shorter-term technical
resistance for the Euro is seen at the this week’s
high of 1.5797 and then at the contract high of
1.5820. 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: 1.5612. Wyckoff's Intra
Day Market Rating: 6.0

GOLD

Gold is steady to slightly lower in early dealings
today, amid a steady U.S. dollar. For June gold,
shorter-term technical support is seen at the
overnight low of $946.10 and then at $939.60. Sell
stops likely reside just below those levels. Buy
stops likely reside just above resistance at the
overnight high of $960.30 and then just above
resistance at $965.00. Today's key near-term
Fibonacci support/resistance level: $958.70.
Wyckoff's Intra-Day Market Rating: 5.0

GRAINS

Prices were mixed in overnight trading, with the
soy complex lower and corn and wheat higher. The
steady greenback today is giving the grain traders
pause today. Traders are keenly awaiting next
Monday morning’s USDA planting intentions report.
However, it would not surprise me to see that
report quickly put in the background as grain
traders continue to keenly focus on the “outside
markets.”