Tuesday, 22 March 2016

Pre-Market Brief

Good morning. US equity futures are moderately lower, sp - 8pts, we're set to open at 2043. USD is +0.2% in the DXY 95.40s. Metals are back on the rise, Gold +$9, with Silver +0.6%. Oil is starting to struggle, -1.3% in the $40s.



So, the market is weak, but certainly, its nothing significant yet.

Rising trend/channel is offering support - at the close it will be around 2030, with the lower hourly bollinger also in the 2030s.

A daily close <2030 would thus be somewhat important... but that does seem unlikely... not least if Oil can resume higher.

early movers..

FCX -2%
RIG -10%
DAL/UAL  -3%
Overnight action

Japan: +1.9% @ 17048
China: moderately weak,0.6% @ 2999
Germany: currently -0.5% @ 9896

Have a good Tuesday