CURRENCIES

The September U.S. dollar index is slightly lower in early trading today. Slow stochastics for the dollar index are neutral early today. The dollar index finds shorter-term technical resistance at 72.50 and then at last week's high of 72.67. Shorter-term support is seen at the overnight low of 72.20 and then at 72.00. Today's key near-term Fibonacci support/resistance level: 72.51. Wyckoff's Intra Day Market Rating: 4.5

The September 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 1.5783 and then just below support at last week's low of 1.5735. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5864 and then at 1.5900. 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: 1.5822. Wyckoff's Intra Day Market Rating: 5.5

CRUDE OIL

Crude oil prices are sharply higher early today, amid storms brewing in the Caribbean Sea that could damage major oil installations in the Gulf of Mexico. In August crude, look for buy stops to reside just above resistance at $132.50 and then just above resistance at $133.00. Look for sell stops just below technical support at $131.00 and then more sell stops just below support at $130.00. Today's key near-term Fibonacci support/resistance level: $131.74. Wyckoff's Intra-Day Market Rating: 7.0

GRAINS

Prices were lower in overnight trading, on follow-through selling pressure from last Friday's bearish weekly low closes in the grains. Weather in the Corn Belt is now turning more bearish, with beneficial rains and no real oppressive heat in the forecasts. Grain traders continue to closely monitor "outside markets." The outside markets are bullish today as crude oil is higher and the U.S. dollar index is weaker.