07:45am UK time  ~  Nice lazy day for me at home today so I’ll report back if I take any positions on my favourite charts

European Central Bank member and Chairman of Germany’s Bundesbank Jens Weidmann has poured cold water on Mario Draghi’s proposed Eurozone economic stimulus in his speech yesterday by suggesting that any further ECB money-printing measures maybe illegal and in the long-run does not help with sustainable growth prospects, which many traders are aware of anyway. On the back of these comments the Euro rose against the U.S. Dollar temporarily halting a bearish trend that’s been in force for a while now and technical traders will be pleased to see that it has once again reversed at the 1.2360 support level, first seen at the beginning of the month.

Crude Oil was once again on the slide during yesterday’s session as traders doubt that Thursday’s OPEC meeting is going to result in the Arabs cutting production – West Texas Intermediate Crude slipped just over a Dollar to £75:47 per barrel at the close and Gold traders are now beginning to curb their buying enthusiasm as the yellow metal’s price once again hovers around the $1200 resistance level. With good corporate results and a strong U.S. Dollar it does seem as though the Gold price will start to slip again, especially as the year-end equity rally seems to be in full pace.

Market Close Monday 24th November 2014:   Dow Jones 30  +7.84 @ 17,817.90  S&P 500  +5.91 @ 2,069.41  NASDAQ  +32.99 @ 4,284.32  FTSE 100  -20.97 @ 6,729.79  UK AIM  +3.64 @ 727.49  DAX 30  +52.99 @ 9,785.54  CAC 40  +21.21 @ 4,368.44  IBEX +121.70 @ 10,642.50   Nikkei 225 (Today)  +50.11 @ 17,407.62  Hang Seng (currently)  -53.17  @ 23,839.97

08:50am  ~  Just had a quick look at my charts and there’s not much developing so I am off out for a cycle ride up the coastal path.

11:05am  ~  Back now so going to do some emailing and occasional chart watching

12:55am  ~  There’s the possibility of a UTB pattern setting up on my Brent Oil trade for a ‘short’ trade.

13:25pm  ~  I am now in a UTB trade with a 15 pip stop loss.  The U.S. market is opening soon so care must be taken.

13:55pm  ~  Out of the market with a quick +30 pip profit, volatility is increasing on the chart.  Time for some lunch

15:30pm  ~ Off to help a friend with some boat repairs at the harbour.