U.S. Dollar Bulls Gain Some Upside Momentum
CURRENCIES
The June U.S. dollar index is higher again in early trading today. Bulls are regaining some near-term technical momentum. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 73.05 and then at 73.25. Shorter-term support is seen at the overnight low of 72.52 and then at 72.18. Today's key near-term Fibonacci support/resistance level: 73.00. Wyckoff's Intra Day Market Rating: 6.0
The June Euro is lower in early electronic trading. Bulls are fading. Euro finds sell stop orders are likely located just below technical support at the overnight low of 1.5534 and then just below support at 1.5500. Shorter-term technical resistance for the Euro is seen at 1.5600 and then at the overnight high of 1.5653. 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: 4.0
GOLD
Gold is lower in early dealings today. Bears have fresh downside technical momentum. For June gold, shorter-term technical resistance is seen at $900.00 and then at the overnight high of $903.20. Buy stops likely reside just above those levels. Sell stops likely reside just below support at this week's low of $888.30 and then at $880.00. Today's key near-term Fibonacci support/resistance level: $880.00. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are lower early today. In July crude, look for buy stops to reside just above resistance at $131.00 and then just above resistance at $132.00. Look for sell stops just below technical support at $129.00, and then more sell stops just below support at $128.00. Today's key near-term Fibonacci support/resistance level: $126.00. Wyckoff's Intra-Day Market Rating: 4.0
GRAINS
Prices were lower again in overnight trading, amid bearish "outside markets" again today. Same story in grains: Traders will continue to focus on the key outside markets--crude oil, gold and the value of the U.S. dollar. Weekly USDA export sales data, usually out this morning, is out Friday morning because of the U.S. holiday Monday.


Name: Jim Wyckoff 






