Forex Blog by Greg Secker

After a 600 point run in the last two days the DOW paused yesterday closing the session up 22 points as it starts to build a consolidation at the high of the recent rally. The S&P closed flat on the day as it consolidates below the 200 ema. The NASDAQ added 5 points closing just under the 50 ema. The FTSE, writes Greg, 100 gapped higher at the open but the 200 and 50 ema just above looks to be offering some resistance. Watch the 6400 level which has proved to be an important line of support/resistance so far this year. Futures – the DOW is called up 45 points, FTSE is called up 15 points. Oil is trading at $91.06 a barrel and gold at $801.90.