CURRENCIES

The September U.S. dollar index is steady in early morning electronic dealings. Slow stochastics are hinting of a rebound in the index soon. The dollar index finds shorter-term technical resistance at the Wednesday’s high of 85.42, and then at 86.00. Shorter-term support is seen at 85.00. The September Euro was slightly higher in overnight trading. The Euro today finds sell stop orders are likely located just below shorter-term technical support at Wednesday’s low of 1.2771 and then more sell stops just below support at 1.2750. Shorter-term technical resistance for the Euro is seen at 1.2845 and then at Wednesday’s high of 1.2905. Buy stops likely reside just above those shorter-term resistance levels. Slow stochastics for the Euro are well into over bought territory and do suggest near-term weakness.

METALS

The precious metals are trading modestly lower in early morning dealings, on a pullback from big gains Wednesday. In August gold, shorter-term technical support for August gold today is seen at the overnight low of $623.90. Light sell stops likely reside just below that level, and then just below support at $618.50. Buy stops likely reside just above resistance at Wednesday’s high of $632.50 and then just above shorter-term resistance at $643.50.

ENERGIES

Prices are trading modestly lower in early electronic dealings after big gains Wednesday. Selling interest will be limited today by the heightened geopolitical tensions. In August crude, look for buy stops to reside just above resistance at Wednesday’s high of $75.40 and then at just above solid resistance at $76.00. Look for sell stops just below shorter-term support at the overnight low of $74.80, and then just below support at $74.50. Bulls still have solid upside technical momentum are eyeing the contract high of $77.08 a barrel.

GRAINS

Prices were mixed in quiet overnight electronic trading. Weather in the Corn Belt is still favoring the bulls: hotter and drier. Grain traders will continue to watch the “outside markets.” The midday weather updates today will be important. Look for any downside price pressure to be seen as buying opportunities by many, for the near term.