Monday 9 September 2013

Pre-Market Brief

Good morning. Futures are moderately higher, sp +3pts, we're set to start the week at 1658. Precious metals are a touch lower, Gold -$6. A very dynamic week for the market appears very likely, primarily due to the building US/Syria tension.


sp'60min


Summary

So..we're set to open a little higher, but its nothing significant, and that was after a particularly weak closing hour last Friday.

Bulls should be desperate to break >1664, but frankly, that looks difficult this morning.

Bears only need to close the market <1640 today or tomorrow, and that should then open up a key break of 1627. Once the latter goes, market should in theory just keep falling to the 1580/70s.

*Sunday night posting from Oscar...



We have an interesting week ahead!