CURRENCIES

The June U.S. dollar index is weaker in early trading today. Bulls have regained some near-term technical momentum this week. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 73.29 and then at 73.50. Shorter-term support is seen at the overnight low of 72.95 and then at 72.52. Today's key near-term Fibonacci support/resistance level: 73.21. Wyckoff's Intra Day Market Rating: 5.0

The June Euro is slightly higher in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5450 and then just below support at 1.5400. Shorter-term technical resistance for the Euro is seen at 1.5550 and then at 1.5600. 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: 1.5532. Wyckoff's Intra Day Market Rating: 5.0

GOLD

Gold is higher in early dealings today, on a corrective bounce from recent losses. For June gold, shorter-term technical resistance is seen at $890.00 and then at $900.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at $880.00 and then at $875.00. Today's key near-term Fibonacci support/resistance level: $902.00. Wyckoff's Intra-Day Market Rating: 6.0

GRAINS

Prices were steady to lower in overnight trading. Chart damage was inflicted in corn Thursday, but I would not be surprised to see buyers step into that market today. Wheat continues fully bearish and soybeans are choppy but with a weak technical undertone now. Weekly USDA export sales data are out this morning due to the U.S. holiday Monday.