08:45am   I have builders in the house for three days so I will be helping them as well as watching my charts from time to time – any trades I have will be reported below including the one I entered a short while ago on my Gold chart.

Market Update:

Everything is looking fairly bullish at the moment, the U.S. markets had another record day on Tuesday on the back of encouraging economic news and solid corporate earnings and last night’s Asian trading session closed mainly up with only the Shanghai Composite and Japanese Nikkei 225 falling slightly just before the close. European stocks have also got off to a good start despite continuing concerns in the region about far-right political parties gaining power in an anti-EU wave of popularity – while Marine Le Pen may not win outright, she is going cause a stir which could reverberate across the rest of Europe as other countries in the bloc hold their own elections.

Crude oil experienced another bullish day on Tuesday and U.S. WTI Crude reached a high of $54.99, a level not seen since January 3rd, although it does look like a small resistance area now so you can expect some profit-taking this morning ahead of tomorrow’s U.S. stock situation announcement.  The OPEC Secretary-General told press in London yesterday that the cartel was seeing over 90% conformity to the output restrictions and this is helping keep the price up at the moment although U.S. shale production is still one variable which could upset OPEC’s carefully laid out plans for higher oil values.

Trading Diary:

09:05am   The Gold trade details I have mentioned above are as follows – it’s a bullish UTB price reversal pattern on the 30-min chart and my stop loss is a fairly normal 19 pips.

09:15am   I am now also in a ‘short’ Master-The-Trend Strategy-B position on my UK Brent Crude chart and my stop loss is 27 pips.

09:35am   Just closed off my Gold position at +23 pips.

10:25am   It’s turning out to be a busy morning , I am now in a ‘short’ position on my U.S. S&P-500 15-min chart, it is another Master-The-Trend Strategy-B and my stop loss is 18 pips.

11:05am   Fairly quiet on my charts at the moment so I am off for cycle ride now.

12:20pm   Just back home and my S&P-500 trade is in profit so I have closed it off at +25 pips but the Brent Crude position is still hovering around break even so I will leave that running for a while.

13:35pm   Going out for lunch now and as I am already on +48 pips for the day I have moved my Brent Crude stop loss down to break even and left the target open to see where the price goes – I will check in an hour or so when I get back.

15:20pm   The score for my Brent position has just hit +56 pips so I have now closed it off.  Total for the day is now +104 pips so I am finishing now until tomorrow morning.