Forex Blog by Greg Secker

The DOW had a less volatile day yesterday and closed up 26 points at 12159. The NASDAQ and S&P each traded quietly sideways throughout most of the session, with the NASDAQ closing up 7 points and the S&P up 5 points. The FTSE, writes Greg, 100 gapped up at the open and added 132 points at the close, this has given a bounce off the long term trend line and a close above 6280 will confirm the double bottom reversal pattern. But if we get a solid close below the 6000 level we could be looking at a change in market direction. Futures – DOW is called down 30 points, FTSE is called down 25 points. Oil is trading at $57.30 a barrel and gold at $647.4