CURRENCIES

The June U.S. dollar index is higher in early trading today. Bulls still have some upside technical momentum on their side. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at last week's high of 73.25 and then at 73.50. Shorter-term support is seen at the overnight low of 72.71 and then at 72.50. Today's key near-term Fibonacci support/resistance level: 73.48. Wyckoff's Intra Day Market Rating: 6.0

The June Euro is lower in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5509 and then more stops just below support at 1.5450. Shorter-term technical resistance for the Euro is seen at 1.5600 and then at the overnight high of 1.5630. 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: 1.5356. Wyckoff's Intra Day Market Rating: 4.0

CRUDE OIL

Crude oil prices are lower early today. In June crude, look for buy stops to reside just above resistance at $118.00 and then just above resistance at the overnight high of $118.84. Look for sell stops just below technical support at $117.00, and then more sell stops just below support at $116.00. Today's key near-term Fibonacci support/resistance level: $117.04. Wyckoff's Intra-Day Market Rating: 4.0

GRAINS

Prices were higher in overnight trading. However, the key "outside markets" early today are in a bearish posture for the grains. Gold and crude oil are lower and the U.S. dollar is higher. That will limit the upside in the grains today. Grain traders are still watching weather in the U.S. Corn Belt. The wet conditions in the Corn Belt are very bullish for corn and modestly bearish for soybeans.