Forex Blog by Greg Secker

The DOW traded higher during the session but ran into some resistance at the 13500 level which is also the 50 ema, watch this level for a break or bounce for the next major move. The S&P has found support from the 200 ema and added another 6 points yesterday. The NASDAQ ended the day up 22 points. The FTSE, writes Greg, 100 is still trading around its long term trend line and not giving any clear market direction, a break of the 200 ema would trigger a tight double bottom and could signal a bullish reversal off the trend line. Futures – DOW is called up 5 points, FTSE is called up 30 points. Oil is trading $76.80 a barrel and gold at $666.