Name: Jim Wyckoff 
U.S. Dollar Weaker in Early Dealings
CURRENCIES
The September U.S. dollar index is slightly lower in early trading today. Bears still have some downside 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 72.50 and then at Thursday's high of 72.67. Shorter-term support is seen at the overnight low of 72.22 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 modestly higher in early electronic trading. Euro finds sell stop orders are likely located just below technical support at this week's low of 1.5735 and then just below support at this week's low of 1.5700. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.5841 and then at 1.5900. 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: 1.5822. Wyckoff's Intra Day Market Rating: 5.5
GOLD
Gold is trading solidly lower in early dealings today. For August gold, shorter-term technical resistance is seen at the overnight high of $965.00 and then at $970.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at Thursday's low of $953.10 and then at $950.00. Today's key near-term Fibonacci support/resistance level: $960.00. Wyckoff's Intra-Day Market Rating: 4.0
CRUDE OIL
Crude oil prices are higher early today, on a corrective bounce after recent strong losses. Bears still have downside near-term technical momentum. In August crude, look for buy stops to reside just above resistance at the overnight high of $132.04 and then just above resistance at $133.00. Look for sell stops just below technical support at Thursday's low of $129.00 and then more sell stops just below support at $127.50. Today's key near-term Fibonacci support/resistance level: $131.74. Wyckoff's Intra-Day Market Rating: 5.0
GRAINS
Prices were mixed in overnight trading. Corn and wheat were lower and soybeans were higher. Grain traders continue to closely monitor "outside markets" and the weather forecasts for the Corn Belt. The outside markets are bullish today as crude oil is higher and the U.S. dollar index is weaker. Weather forecasts for the Corn Belt have again tilted toward the bearish camp. Corn is still near-term technically weak, but beans have not seen any significant chart damage. Wheat futures are still in a near-term bearish technical mode.
