The September U.S. dollar index is slightly higher in early morning dealings, and did hit a fresh two-week high overnight. Slow stochastics are bullish for today. The dollar index finds shorter-term technical resistance at the overnight high of 85.55 and then at 86.00. Shorter-term support is seen at the overnight low of 85.31 and then at 85.18. Wyckoff’s Intra Day Market Rating: 6.0
The September Euro is weaker in early trading. Prices hit a fresh two-week low overnight. The Euro today finds sell stop orders are likely located just below shorter-term technical support at the overnight low of 1.2722 and then more sell stops just below support at 1.2700. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.2778 and then at 1.2800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are bearish for today. Wyckoff’s Intra Day Market Rating: 4.0
Gold is trading lower in early morning dealings, on follow-through selling from Monday. In December gold, shorter-term technical support is seen at Monday’s low of $634.10 and then at $630.00. Sell stops likely reside just below those levels. Buy stops likely reside just above resistance at the overnight high of $638.30 and then more buy stops just above resistance at Monday’s high of $643.60. Wyckoff’s Intra-Day Market Rating: 3.5
Prices are trading near steady in early electronic dealings. In September crude, look for buy stops to reside just above resistance at the Monday’s high of $73.95 and then just above resistance at $74.50. Look for sell stops just below technical support at the overnight low of $72.82, and then heavier sell stops just below solid support at Monday’s low of $72.60. Wyckoff’s Intra-Day Market Rating: 5.0
Prices were mostly firmer in overnight electronic trading, following solid losses Friday and Monday. The bears still have technical momentum in all the grains today. However, the markets are now short-term technically oversold and due for a bounce. Corn Belt weather is deemed near-term bearish. Weather is becoming less of a focus for traders as the crops move toward maturity.