07:40am   Quiet day at home with some chart watching now and again so any trades I have will be reported below.

Market Update: The overnight Asian market ended mixed after comments from Federal Reserve members yesterday hinted at a U.S. interest rate rise this year, most probably December – once the elections are done and the new president is settled in. The Nikkei 225 index closed slightly up although Australia’s ASX-200 finished in negative territory on commodity price falls and all Chinese markets are closed until next Monday due to Golden Week celebrations.

Gold experienced large falls during the European and U.S. trading sessions yesterday, it lost around 3% to hit a 3-month low at $1266.80 before rebounding overnight. The drop in prices has been expected on trading floors and was partly due to an expectation of higher U.S. interest rates later in the year and Goldtraders I spoke to last night expect some support around the $1250 level before a rise back up towards $1300.

Crude oil markets had a good Tuesday session on rumours of a larger than expected draw on U.S. oil stocks, we will know the exact figure later this afternoon just after the U.S. trading session opens. There has been a slow rise in values since mid-September, WTI Crude has jumped from $42:72 to this mornings reading at $49:11 and is now getting close to a possible resistance level at $50:00.

Trading Diary:

09:00am   Nothing much happening on my collection of favourite charts so I am off for a long cycle ride in the sun.

22:50pm   I have been unable to update this diary today for some technical reason but in the end I’ve no trades to report anyway, I watched my charts for a few hours upto lunchtime and then had the afternoon out playing golf. Back to the screens tomorrow.