08:25am    I am planning another day here at home and I will be watching my collection of favourite charts for trade opportunities – any trades I take will be detailed below in my Trading Diary. I  am already in a ‘short’ position on my FTSE-100 chart – more details below.

Market Update:

Markets in the U.S. rebounded during Tuesday’s trading session after losses on Monday and the Dow Jones 30 and the S&P-500 both closed up around 0.20% by the close last night. Tech and energy stocks were amongst the biggest winners although prices rises are being capped due to confusion over trade tariffs.

The overnight Asian trading session did not share earlier optimism from traders and most indices in the region closed in negative territory as oil prices rose as supply concerns over possible sanctions for Iran are trumping an OPEC increase in production.

The U.S. are pressing allies to reduce their oil imports from Iran to zero by November as they put pressure on their government over the countries nuclear ambitions.  Brent Crude rose $1.76 yesterday to close at $76.48 and is trading around the same level this morning, the increase in production that Saudi Arabia has announced is having little effect on values at the moment.

Gold is approaching a long term support area at $1250 as the U.S. Dollar value firms up, and has now fallen below its 200-week moving average which adds further weight to this current move down.

Trading Diary:

08:30am    I entered a ‘short’ position on my UK FTSE-100 15-min chart around 10 minutes ago, it’s a Master-The-Trend Strategy-B set-up with an 18 pip stop loss.

10:15am   Out for a 20 mile cycle ride with neighbours so I have closed off my FTSE position at +36 pips.

12:55pm   Off out for lunch, nothing emerging on my collection of favourite charts.

14:10pm    Too sunny to be stuck indoors, back at my desk tomorrow.