Forex Blog by Greg Secker

The DOW closed the day up 68 points but did find resistance at 12300 as it continues to build its current consolidation, if the DOW can not rise above this level we could see the index trade lower again. Both the S&P and NASDAQ also traded off key resistance levels. The FTSE, writes Greg, gapped higher again at the open and continued to trade higher throughout the day and closed up 71 points. The FTSE, writes Greg, 250 also gapped higher and closed up 179 points and is now back above all moving averages. Futures – DOW is called up 15 points, FTSE is called down 15 points. Oil is trading at $61.50 a barrel and gold at $652.60.