CURRENCIES

The June U.S. dollar index is firmer in early trading today. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter-term technical resistance at the overnight high of 73.71 and then at last week's high of 74.06. Shorter-term support is seen at the overnight low of 73.18 and then at 73.00. Today's key near-term Fibonacci support/resistance level: 73.53. Wyckoff's Intra Day Market Rating: 5.5

The June Euro is weaker in early electronic trading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5340 and then just below support at 1.5300. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5459 and then at 1.5500. 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: 1.5375. Wyckoff's Intra Day Market Rating: 5.0

CRUDE OIL

Crude oil prices are lower early today. Look for buy stops to reside just above resistance at the contract high of $126.27 and then just above resistance at $127.00. Look for sell stops just below technical support at $124.00, and then more sell stops just below support at $123.00. Today's key near-term Fibonacci support/resistance level: $123.43. Wyckoff's Intra-Day Market Rating: 6.0

GRAINS

Prices were mostly higher in overnight trading. Corn and soybeans were higher and wheat was near steady. Early today the key "outside markets" are in a bearish posture for grains. Crude oil and gold are lower and the value of the U.S. dollar against the other major currencies is higher. Grain traders are still watching weather forecasts in the U.S. Corn Belt, which are still bullish for corn.