Forex Blog by Greg Secker

The DOW trades higher at the opens and added to the gains during the session to close up 133 and above it 50 ema, the next important level the DOW needs to break is the 13500 level which provided some resistance last week. The S&P 500 added 12 points and has also closed above its 50 ema. The NASDAQ gapped higher at the open but traded sideways for the rest of the session as it builds out its consolidation closing the session up 9 points. The FTSE, writes Greg, 100 added 57 points and has closed above the 50 and 200 ema’s watch for a break or bounce at the 6400 level. But the FTSE 250 failed to follow the blue chip stocks as it gapped down at the open and closed the session down 47 points below its 50 and 200 ema’s. Futures – DOW is called down 8 points, FTSE is called 35 points. Oil has pulled back from its highs and is trading at $79.65 and gold at $706.