Name: Jim Wyckoff 
Gold Weaker in Early Dealings Today
GOLD
Gold is lower in early dealings today. For June gold, shorter-term technical resistance is seen at the overnight high of $909.00 and then at $920.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $899.00 and then just below support at $890.00. Today's key near-term Fibonacci support/resistance level: $907.00. Wyckoff's Intra-Day Market Rating: 4.0
CURRENCIES
The June U.S. dollar index is solidly higher in early trading today. Bears still have the overall near-term technical advantage. However, a stronger close in the index today would begin to give the bulls some fresh near-term upside technical momentum. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 72.60 and then at 73.00. Shorter-term support is seen at the overnight low of 72.05 and then at Wednesday's low of 71.53. Today's key near-term Fibonacci support/resistance level: 72.64. Wyckoff's Intra Day Market Rating: 6.0
The June Euro is solidly lower in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5684 and then more stops just below support at 1.5600. Shorter-term technical resistance for the Euro is seen at 1.5800 and then at the overnight high of 1.5858. 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: 1.5636. Wyckoff's Intra Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are weaker early today. In June crude, look for buy stops to reside just above resistance at the overnight high of $118.30 and then just above resistance at the contract high of $118.98. 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: $116.41. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed to firmer in overnight trading. Corn and soybeans were firmer and wheat was lower. Traders will closely examine today's weekly USDA export sales data. The key "outside markets" are bearishly postured for the grains early today. Gold and crude oil are lower and the U.S. dollar is solidly higher. That should limit the upside in grains in the early going today. Grain traders are still watching weather in the U.S. Corn Belt and Plains states, which is still deemed overall bullish for corn but slightly bearish for soybeans and wheat.
