09:25am   Relaxed start to my Friday and no trading for today as I’m helping the ‘resident’ builders finish up. Fairly happy with my score this week, I’ve been in front of my charts for 3-days and managed 5 trades, 4 winners and 1 loser and a total of +122 pips since Tuesday.

Back in front of my charts next Tuesday – hope you have a nice, relaxing weekend break.

Market Update:

Records are being broken everywhere this week, in the U.S. the Dow Jones 30 index closed at another record high at 19,614 (+65.19) and it still looks likely that the 20,000 level will be broached before we see in the new year. Overnight, the Japanese Nikkei-225 index also reached a new high at 18,996 and other Asian indices were generally bullish as well although the European markets this morning are looking mixed despite the fairly good news yesterday from the European Central Bank – Mario Draghi announced he was keeping the record low interest rate and keeping the bond buying programme alive for most next year. This is seen as a possible preventative measure to help the Italian banking problem and also any fall-out from Brexit as negotiations become more intense by the middle of 2017.

Crude Oil markets are experiencing a small resurgence on the past day or so and U.S. WTI Crude is once again heading towards the resistance level at $52.00 – it closed up $1.07 at $50.93 last night and is now slightly higher $51:12.