U.S. Dollar Firmer Early
CURRENCIES
The June U.S. dollar index is steady to firmer in early trading today. Slow stochastics for the dollar index are bullish early today. The dollar index finds shorter-term technical resistance at the overnight high of 74.06 and then at 74.25. Shorter-term support is seen at 73.50 and then at Wednesday's low of 73.21. Today's key near-term Fibonacci support/resistance level: 73.53. Wyckoff's Intra Day Market Rating: 5.0
The June Euro is lower in early electronic trading. Euro finds sell stop orders are likely located just below technical support 1.5300 and then just below support at the overnight low of 1.5255. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5381 and then at 1.5400. 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: 1.5375. Wyckoff's Intra Day Market Rating: 4.0
GOLD
Gold is firmer in early dealings today. For June gold, shorter-term technical resistance is seen at $880.00 and then at this week's high of $884.50. Buy stops likely reside just above those levels. Sell stops likely reside just below support at the overnight low of $866.40 and then at $860.00. Today's key near-term Fibonacci support/resistance level: $879.00. Wyckoff's Intra-Day Market Rating: 5.0
CRUDE OIL
Crude oil prices are steady to weaker early today. In June crude, look for buy stops to reside just above resistance at the contract high of $123.93 and then just above resistance at $125.00. Look for sell stops just below technical support at $122.00, and then more sell stops just below support at $121.00. Today's key near-term Fibonacci support/resistance level: $120.30. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed in overnight trading. Corn and wheat were higher and soybeans were lower. Traders are awaiting Friday morning's USDA monthly supply and demand report, which is likely to be generally bullish for the grains. Grain traders are still watching weather in the U.S. Corn Belt, which is still bullish for corn and bearish for soybeans. Bears still have near-term momentum in wheat.


Name: Jim Wyckoff 






