Forex Blog by Greg Secker

The DOW fell at the open, but found support around the 13400 level which is also the 50% fib retracement level of the recent rally since min August, and rallied to the close to finish the session up 45 points. The S&P added 5 points and the NASDAQ added 28 points. The FTSE, writes Greg, 100 had a big gap lower at the open but tried to trade higher during the session to close down 68 points. The FTSE, writes Greg, 250 gapped below the moving averages and closed the session down 121 points. Futures – DOW is called up 30 points and the FTSE is called up 60 points. Oil is trading at $85.85 a barrel and gold at $760.80.