08:45am   This is my last day in front of my charts before a short holiday over the Easter break, I will be watching my screens this morning and any trades I take will be detailed below in my Trading Diary. I’ll be back trading next Wednesday (4th April) and I hope you have a nice relaxing long weekend break.

Also watch out for my announcement over the weekend for this month’s edition of the Trading-Education eBook.

Market Update:

U.S. markets are still being dragged down by tech stocks, Facebook is still under pressure and as a result the Nasdaq fell 1% last night with the Dow Jones and S&P-500 also closing in negative territory. With money pouring out of equities, Government bonds are once again popular as are other safe haven products although Gold is still suffering, it closed down $20.20 at $1324.70 but the fall is slowing this morning as bargain hunters have come in a propped up the price – currently at $1324.85.

The overnight Asian trading session ended mixed after the negative U.S. showing earlier in the day. Initially most indices in the region were down although by the close both Chinese markets ended up and the Japanese Nikkei-225 and South Korean Kospi were the best performers of the night at +0.70%. The Australian ASX-200 closed down 30 points at 5759.40 as material and Gold producers suffered.

Oil markets had  volatile session on Wednesday and initially fell although there was a correction later in the day which seems to be continuing this morning as the OPEC agreement to curb production now seems to be extending into 2019 if Russia can be persuaded to toe the line. U.S. WTI Crude fell $1.15 yesterday to close at $63.61 and is up at $64.55 this morning so far and heading for the $65.00 level soon.

Trading Diary:

12:55pm   It’s been quite quiet on my charts this morning but I have just taken a ‘long’ position on the German DAX-30 15-min chart. It is a Master-The-Trend Strategy-A set-up and my stop loss is 21 pips.

14:00pm  Just taken a quick +48 pip profit on my DAX trade as I am off soon.  Back next Wednesday – I hope you have a nice relaxing Easter break.