CURRENCIES

The June U.S. dollar index is higher in early trading today. Bulls have some upside technical momentum on their side. Slow stochastics for the dollar index are neutral to bullish early today. The dollar index finds shorter-term technical resistance at this week's high of 73.30 and then at 73.50. Shorter-term support is seen at 72.80 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: 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 1.5466 and then more stops just below support at 1.5400. Shorter-term technical resistance for the Euro is seen at 1.5500 and then at 1.5550. 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

GOLD

Gold is near steady 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 $870.00 and then at $875.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $863.50 and then just below support at $860.00. Today's key near-term Fibonacci support/resistance level: $878.00. Wyckoff's Intra-Day Market Rating: 4.0

GRAINS

Prices were higher in overnight trading. However, today the key "outside markets" are turning more bearish as the U.S. dollar is stronger and crude oil and gold are weakening in early trading. That will limit buying interest in the grains today. Traders will closely examine this morning's weekly USDA export sales data. 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.