Monday, 16 March 2015

Pre-Market Brief

Good morning. Futures are moderately higher, sp +6pts, we're set to open at 2059. Metals are bouncing, Gold +$3. Oil remains weak, -1.6%... having fractionally broken a new cycle low of $43.57.


sp'60min


sp'daily5b


Summary

So, we're set to open a little higher, a net daily gain looks pretty likely.

Broadly... market looks set for chop .. with 'moderate upside' to the 2070s by the FOMC of Wednesday afternoon. From there... I'm guessing we'll see a rollover into the Wed' close... and then at least down to sp'2k before end month.

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Update from a typically loud Oscar



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Doomer chat - Hunter with Ms. Prins.



As ever... make of that... what you will.
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Good wishes for the week ahead!