TraderBlog

CURRENCIES

The September U.S. dollar index is weaker in early morning dealings. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at 85.00 and then at 85.20. Shorter-term support is seen at the overnight low of 84.73 and then at 84.50. Wyckoff’s Intra Day Market Rating: 4.0

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 1.2831 and then just below support at 1.2800. Shorter-term technical resistance for the Euro is seen at 1.2900 and then at 1.2925. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 6.0

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OVERNIGHT/EARLY MORNING DEVELOPMENTS

There is no real feature in overnight/early morning trading. Crude oil and gold are higher. U.S. stock indexes are slightly higher and so are Treasuries. The U.S. dollar is weaker early.

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CURRENCIES

The September U.S. dollar index is firmer in early morning dealings. Slow stochastics are neutral for today. The dollar index finds shorter-term technical resistance at the overnight high of 84.95 and then at 85.20. Shorter-term support is seen at 84.80 and then at 84.50. Wyckoff’s Intra Day Market Rating: 4.0

The September Euro is weaker in early trading. The Euro today finds sell stop orders are likely located just below shorter-term technical support at 1.2800 and then just below Tuesday’s low of 1.2765. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2868 and then at 1.2877. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bullish for today. Wyckoff’s Intra Day Market Rating: 6.0

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OVERNIGHT/EARLY MORNING DEVELOPMENTS

There is no real feature in overnight/early morning trading. Crude oil and gold are firmer. U.S. stock indexes are slightly higher and Treasuries are narrowly mixed in early trading. The U.S. dollar is firmer early.

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CURRENCIES

The September U.S. dollar index is lower in early morning dealings. Slow stochastics are bearish for today. The dollar index finds shorter-term technical resistance at the overnight high of 84.94 and then at Monday’ high of 85.20. Shorter-term support is seen at the overnight low of 84.80 and then at 84.50. Wyckoff’s Intra Day Market Rating: 4.0

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OVERNIGHT/EARLY MORNING DEVELOPMENTS

There is no real feature in overnight/early morning trading. Crude oil is near steady. Gold is trading firmer. U.S. stock indexes are slightly higher and Treasuries are weaker in early trading. The U.S. dollar is weaker early.

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ENERGIES

Crude oil prices are trading solidly lower in early electronic dealings, as Hurricane Ernesto appears headed away from Gulf energy installations. Prices overnight gapped lower on the daily bar chart. In October crude, look for buy stops to reside just above resistance at the overnight high of $72.20 and then just above resistance at $72.50. Look for heavy sell stops just below strong technical support at the overnight low and the August low of $71.00, and then more sell stops just below support at the June low of $70.10. Wyckoff’s Intra-Day Market Rating: 5.0

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OVERNIGHT/EARLY MORNING DEVELOPMENTS

The feature in overnight/early morning trading is sharply lower crude oil prices. It appears Hurricane Ernesto will not hit the major oil and gas producing regions of the Gulf of Mexico. Gold is trading near steady. U.S. stock indexes and Treasuries are weaker in early trading.

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CURRENCIES

The September U.S. dollar index is steady in early morning dealings. Slow stochastics are neutral for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.33 and then at 85.55. Shorter-term support is seen at 85.00 and then at Thursday’s low of 84.77. Wyckoff’s Intra Day Market Rating: 4.5

The September Euro is near steady in early trading. The Euro today finds sell stop orders are likely located just below shorter-term technical support at the overnight low of 1.2763 and then heavier sell stops just below support at the August low of 1.2722. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2799 and then at 1.2850. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 5.0

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OVERNIGHT/EARLY MORNING DEVELOPMENTS

The real feature in overnight/early morning trading is solidly higher crude oil prices. Gold is also higher. U.S. stock indexes and Treasuries are firmer.

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