Name: Jim Wyckoff 
U.S. Dollar Near Steady Early
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 72.22 and then at 72.50. Shorter-
term support is seen at this week’s 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 modestly higher in early
electronic trading. The Euro finds sell stop orders
are likely located just below technical support at
the overnight low of 1.5685 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: 7.0
GOLD
Gold is steady to modestly 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 $945.80 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 $956.30 and then just above
resistance at this week’s high of $960.30. Today's
key near-term Fibonacci support/resistance level:
$958.70. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are modestly lower early today. In
May crude, look for buy stops to reside just above
resistance at the overnight high of $107.63 and
then just above resistance at this week’s high of
$108.22. Look for sell stops just below technical
support at $106.00, and then more sell stops just
below support at $105.00. Today's key near-term
Fibonacci support/resistance level: $103.16.
Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were lower in overnight trading. Bulls are
fading. The steady greenback again today is not
giving the grain bulls any confidence. Traders are
keenly awaiting 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”—especially the greenback.
