Name: Jim Wyckoff 
U.S. Dollar Weaker in Early Dealings
CURRENCIES
The June U.S. dollar index is lower in early trading today. Bulls still have some upside technical momentum, but do not want to see two solid down days in a row. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at 73.00 and then at last week's high of 73.25. Shorter-term support is seen at the overnight low of 72.65 and then at 72.50. Today's key near-term Fibonacci support/resistance level: 72.43. Wyckoff's Intra Day Market Rating: 4.0
The June Euro is firmer in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5561 and then more stops just below support at last week's low of 1.5522. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5663 and then at 1.5700. 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: 6.0
GOLD
Gold is firmer in early dealings today. Bears still have some downside technical momentum on their side. For June gold, shorter-term technical resistance is seen at the overnight high of $896.80 and then at $900.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $888.80 and then just below support at last week's low of $880.00. Today's key near-term Fibonacci support/resistance level: $910.00. Wyckoff's Intra-Day Market Rating: 6.0
CRUDE OIL
Crude oil prices are higher early today and set a fresh contract and all-time high of $119.93 overnight. In June crude, look for buy stops to reside just above resistance at $119.93 and then just above resistance at $120.00. Look for sell stops just below technical support at $118.00, and then more sell stops just below support at $117.00. Today's key near-term Fibonacci support/resistance level: $117.80. Wyckoff's Intra-Day Market Rating: 7.0
GRAINS
Prices were solidly higher in overnight trading. The key "outside markets" are in a bullish posture for the grains early today. Gold and crude oil are higher and the U.S. dollar is lower. Grain traders are still watching weather in the U.S. Corn Belt and Plains states. The wet conditions in the Corn Belt are very bullish for corn, causing significant planting delays.
