Thursday, 7 August 2014

Pre-Market Brief

Good morning. Futures are slightly higher, sp +4pts, we're set to open at 1924. Metals and Oil are broadly flat. The equity market looks set to break the short term down trend, and push into the 1935/45 zone.



It won't take much to break the down trend this morning.

A break >1925 will open up the 1940s for late today/early Friday. That should at least lead to the low 1960s next week.

Whether the market can break new highs.. that remains the bigger issue.

8.31am  sp +9pts.... 1928....

*I will be back around 11am