CURRENCIES
The September U.S. dollar index is trading solidly lower in early trading today on profit-taking pressure. Slow stochastics for the dollar index are bearish early today. The dollar index finds shorter-term technical resistance at 77.00 and then at the overnight high of 77.38. Shorter-term support is seen at this week's low of 76.67 and then at 76.50. Today's key near-term Fibonacci support/resistance level: 77.12. Wyckoff's Intra Day Market Rating: 4.5
The September Euro is higher in early electronic trading, on short covering. Euro finds sell stop orders are likely located just below technical support at 1.4700 and then just below support at the overnight low of 1.4618. Shorter-term technical resistance for the Euro is seen at the overnight high of 1.4760 and then at 1.4800. Buy stops likely reside just above those levels. Slow stochastics for the Euro are neutral early today. Today's key near-term Fibonacci support/resistance level: 1.4682. Wyckoff's Intra Day Market Rating: 5.5
GOLD
Gold is higher in early dealings today. For December gold, shorter-term technical resistance is seen at the overnight high of $840.50 and then at last week's high of $845.00. Buy stops likely reside just above those levels. Sell stops likely reside just below support at $830.00 and then at the overnight low of $826.00. Today's key near-term Fibonacci support/resistance level: $819.00. Wyckoff's Intra-Day Market Rating: 6.0
CRUDE OIL
Crude oil prices are higher early today, as Hurricane Gustav looms in the Atlantic. The downside in crude oil should be limited all week, due to the threat of Gustav to oil installations in the Gulf of Mexico. In October crude, look for buy stops to reside just above resistance at $118.00 and then just above resistance at $119.00. Look for sell stops just below technical support at $116.00 and then more sell stops just below support at the overnight low of $115.64. Today's key near-term Fibonacci support/resistance level: $115.52. Wyckoff's Intra-Day Market Rating: 6.0
GRAINS
Prices were higher in overnight trading, on short covering and fresh speculative buying amid bullish "outside markets" overnight--a solidly lower U.S. dollar and higher crude oil prices. Trading has turned choppy in the grains. Hurricane Gustav will be a major factor in the grains, too, due to it's effect on the major outside market crude oil.