Forex Blog by Greg Secker

The DOW found some support around the 13150 level and rallied to the close to finish the day up 286 points under the 50 ema and near to the 13500 resistance level, watch this level for a break or bounce. The S&P tested the lows at the open but rallied to close the day up 34 point. The NASDAQ traded down to the 200ema which provided some support to push it up 36 points at the close. The FTSE, writes Greg, 100 gapped lower at the open, but traded higher for most of the morning and closed the gap but fell off to the close to finish the day down 35 points. The FTSE, writes Greg, 250 had a big gap down at the open and closed the session down 187 points. Futures – DOW is called down 45 points, FTSE is called up 60 points. Oil is trading at $71.60 a barrel and gold at $670.5.