07:25am  I had planned a day’s trading indoors but late last night I was invited out sailing this morning so no chart watching for me today, back in front of my screens tomorrow although I shall be sending out my Triangle Trading System TRADE-ALERT sheet to subscribers before I leave for the day.

Market Update:

Overnight trading in Asian produced mixed results with most indices down although the Japanese Nikkei 225 index did post a slight rise at the close despite tech shares ending negatively. Monday’s U.S. trading session finished with the Dow Jones 30 index up just 16 points with lower oil prices weighing on sentiment, WTI Crude fell 90 cents to $45:19 last night and is trading slightly down this morning after the Asian session (currently ($45:08)

Despite ongoing geo-political risks across the world at the moment, there has been no significant flight to safety in the form of Gold buying, the yellow metal had a subdued trading session yesterday and fell $4:51 to $1328:50 but has picked up slightly early this morning and is sitting at $1330:48 as I write this. The price has been trading around its 20-day moving average for the last four sessions so we may see this level become support for further moves up.

This morning European indices are largely opening flat to negative although there is a fair amount of economic announcements due through the day to give markets some focus, here in the UK there are CPI and RPI figures due out in a few hours and later there are German ZEW and U.S. Building Permit numbers released.