Name: Jim Wyckoff 
U.S. Dollar Steady Early, Ahead of FOMC Results
CURRENCIES
The June U.S. dollar index is steady to higher in early trading today. Bulls have some upside technical momentum on their side. Slow stochastics for the dollar index are neutral 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 72.95 and then at this week's low of 72.65. Today's key near-term Fibonacci support/resistance level: 73.48. Wyckoff's Intra Day Market Rating: 5.0
The June Euro is near steady in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5497 and then more stops just below support at 1.5450. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5582 and then at 1.5600. 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: 1.5356. Wyckoff's Intra Day Market Rating: 5.0
GOLD
Gold is lower in early dealings today and hit a fresh 3.5-month low overnight. Bears have downside technical momentum on their side. For June gold, shorter-term technical resistance is seen at the overnight high of $877.40 and then at $880.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $864.10 and then just below support at $860.00. Today's key near-term Fibonacci support/resistance level: $898.00. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are firmer early today. In June crude, look for buy stops to reside just above resistance at $117.00 and then just above resistance at $118.00. Look for sell stops just below technical support at the overnight low of $114.86, and then more sell stops just below support at $114.00. Today's key near-term Fibonacci support/resistance level: $114.72. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were higher in overnight trading, on a corrective bounce from losses on Tuesday. Again today, the key "outside markets" will be key. Early trading today finds these markets in a neutral posture. Gold is lower, crude oil firmer are the U.S. dollar is near steady. Grain traders are still watching weather in the U.S. Corn Belt. The wet conditions in the Corn Belt are still bullish for corn and modestly bearish for soybeans.
