Forex Blog by Greg Secker

The DOW gapped higher at the open but ran into the resistance line of the large symmetrical triangle and fell back for the rest of the session ending the day down 10 points. The S&P closed down 1 point and the NASDAQ fell 15 points. The FTSE, writes Greg, 100 gapped lower at the open but rallied during the session to run into the 50 ema and the support/resistance line at 6030, watch this level for a break or bounce. Futures – DOW is called down 20 points, FTSE is called down 50 points. Oil hit a new record high above the $100 a barrel level yesterday and is currently trading at $99.26 a barrel, gold is trading at $928.90.