Wednesday 18 February 2015

Pre-Market Brief

Good morning. Futures are a touch lower, sp -3pts, we're set to open at 2097. Metals remain weak, Gold -$1, with Silver -0.4%. Oil is resuming the slide, -1.5%.


sp'daily5


Summary
Clearly, the immediate trend remains bullish, its going to take a major 'NO !' from the ECB or Greece to upset the current trend.

At best, equity bears might retrace this market to the 50dma, but even that looks difficult right now.

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Update from Oscar


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Have a good Wednesday