Name: Jim Wyckoff 
U.S. Dollar Trading Near Steady Early
CURRENCIES
The June U.S. dollar index is firmer in early
trading today. Bulls still have some upside near-
term technical momentum, but have much more work to
do to gain the solid technical advantage. Slow
stochastics for the dollar index are bullish early
today. The dollar index finds shorter-term
technical resistance at the overnight high of 73.67
and then at 74.00. Shorter-term support is seen at
the overnight low of 73.92 and then at 73.75.
Today's key near-term Fibonacci support/resistance
level: 73.56 Wyckoff's Intra Day Market Rating: 5.0
The June Euro is steady to firmer in early
electronic trading. The Euro finds sell stop orders
are likely located just below technical support at
the overnight low of 1.5273 and then more stops
just below support at 1.5250. Shorter-term
technical resistance for the Euro is seen at 1.5400
and then at 1.5500. Buy stops likely reside just
above those levels. Slow stochastics for the Euro
are bearish early today. Today's key near-term
Fibonacci support/resistance level: 1.5271.
Wyckoff's Intra Day Market Rating: 5.0
GOLD
Gold is near steady in early dealings today. For
June gold, shorter-term technical support is seen
at last week’s low of $909.00 and then at $900.00.
Sell stops likely reside just below those levels.
Buy stops likely reside just above resistance at
$930.00 and then just above resistance at $940.00.
Today's key near-term Fibonacci support/resistance
level: $958.70. Wyckoff's Intra-Day Market Rating:
5.0
CRUDE OIL
Crude oil prices are weaker early today. In May
crude, look for buy stops to reside just above
resistance at $102.00 and then just above
resistance at $102.50. Look for sell stops just
below technical support at $100.00, and then more
sell stops just below support at $99.00. Today's
key near-term Fibonacci support/resistance level:
$103.16. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were solidly higher in overnight trading, on
a corrective bounce from sharp losses late last
week. The grain market bulls are presently still in
technical and psychological trouble. Key to
stopping the downdraft will be when traders feel
the markets have overdone it on the downside and
will step in to do some bargain-hunting buying. One
up-day today will not be enough to wrest near-term
power from the bears.
