09:15am  ~  It’s the end to my holiday down here in Cornwall today so will be flying back home later this afternoon.

Optimism overnight during the Asian trading session will come head to head this morning with worries over the Ukrainian situation as European Union ministers meet today to decide how to finally proceed with regard to economic sanctions against Russia. There is also key U.S. data out later in the form of the CB Consumer Confidence Survey then the Fed statement tomorrow, so markets may tread water for a while so that traders can judge sentiment in an effort to see where to go next. Both the S&P 500 and Dow Jones indices have formed reversal candles on the daily charts so there maybe a move upwards towards by the end of the week but over here in Europe things do not seem as upbeat, the German Dax 30 continues its bearish trend so memories of that record 10,000 level are now firmly in the past and the French CAC 40 is in a similiar position.

WTI Crude prices has held tight despite the troubles in Libya where there is a massive oil refinery fire near the countries main airport – it ended yesterday slightly down at $101.58 even though U.S. stocks are not particularly high at Cushing, Wyoming.   The Gold price rose early in yesterday’s trading session mainly due to the escalating violence in Gaza and Ukraine but profit-taking later in the day meant a small loss of $3.6 finishing at $1304.5  -  and continuing low demand from Asia is still having an impact on the value this month.

Market Close Monday 28th July 2014:  Dow Jones 30  +22.02 @ 16,982.59  S&P 500  +0.57 @ 1,78.91  FTSE 100  -3.48 @ 6,788.07  DAX 30  -45.84  @ 9598.17   CAC 40 +14.22 @ 4344.77

10:50am  ~  Just got back here to the cottage after a leisurely breakfast out and have turned on my charts to answer an email from a customer – and I can see a possible ‘long’ trade setting up on the German Dax 30 index using my new “Burt” trading pattern from the ‘Master-The-Reversals‘ system manual.

11:20am  ~  It’s looking more likely now…..

11:30am  ~  I am now in the Dax position – with a 42 pip stop on a 1hr chart

15:15pm  ~  I am now out of my trade on the Dax 30 — we are off home shortly so I’ve closed the position off at +74 pips.  I have also taken a chart screenshot to send customers for their info.