Pre-Market Brief

Good morning. Futures are moderately lower, sp -7pts, we're set to open at 1988. Metals continue to slide, Gold -$6, with Silver -1.1%, just 30 cents above the 2013 low. Equity bears have a fair opportunity of the low sp'1970s before the weekend.


sp'60min

Summary

*Oil is notably weak, -1.3%
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So, we're set to open a little lower, and with the break back under the hourly 10MA, there is reasonable opportunity for the low 1970s. We're only talking about a 1% decline, a 'mini-washout'..if you will.
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Update from Mr C.


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Good wishes for Thursday
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9.01am sp -9pts.. set for 1986.  The low 1970s look very viable.

*to be clear, I will strongly consider picking up a secondary long-block in the 1975/70 zone.


9.42am.. minor declines..but still.. we're still broadly weak... not least in commodity land.