Thursday, 24 December 2015

Pre-Market Brief

Good morning. US equity futures are a little lower, sp -3pts, we're set to open at 2061. A daily close in the 2065/60 zone looks probable, as price action is likely to be extremely subdued.


WTIC Oil, weekly2


*Oil is set for a sig' net weekly gain. First blue candle in a fair few weeks. First target is 40/42 zone. Any move >42.. bodes for much higher to the $50 threshold in the spring. Were that to occur, it'd massively help the broader market mood.

Aside from the weekly jobs data, there really isn't a reason to expect anything of significance from today's half session.. as we close early at 1pm.

Certainly though... the recent underlying trend from the last few days - such as in energy, will likely continue.

Update from Mr C.


Overnight action...

Japan: -0.5% in the 18700s.. still struggling
China; -0.6% @ 3612... still below the monthly 10MA.

yours.... always here... even on Christmas Eve.