CURRENCIES

The September U.S. dollar index is weaker in early morning dealings. Slow stochastics are neutral for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.09 and then at Tuesday’s high of 85.19. Shorter-term support is seen at the overnight low of 84.82 and then at Tuesday’s low of 84.64. Wyckoff’s Intra Day Market Rating: 3.5

The September Euro is firmer in early trading. The Euro today finds sell stop orders are likely located just below shorter-term technical support at the overnight low of 1.2805 and then more sell stops just below support at 1.2750. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2855 and then at 1.2900. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 6.0

METALS

Gold is trading near steady in early morning dealings. In December gold, shorter-term technical support is seen at the overnight low of $630.60 and then at $625.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at Tuesday’s high of $639.20 and then more buy stops just above resistance at $643.00. Wyckoff’s Intra-Day Market Rating: 6.0

ENERGIES

Crude oil prices are trading lower in early electronic dealings. Traders are awaiting the weekly DOE stocks report, out this morning. In October crude, look for buy stops to reside just above resistance at the overnight high of $72.94 and then just above resistance at $73.50. Look for sell stops just below technical support at the overnight low of $72.30, and then more sell stops just below support at $72.00. Wyckoff’s Intra-Day Market Rating: 5.0

GRAINS

Prices were narrowly mixed in overnight electronic trading. Not much new. Bears still have technical momentum in all the grains today. Look for more choppy and lackluster trading in the near term. Weather is less of a focus for traders as the crops move toward maturity. Focus this week is on the John Deere-Pro Farmer Midwest Crop Tour. No surprises are coming out of that tour, which ends on Thursday.