07:10am UK time  ~ An early start for me today, I am off with a group of friends for a cycle ride down towards Aldeburgh on the coastal path.  It’ll be emails and Skype calls when I’m back later this morning with a bit of chart watching.

Crude Oil values are in the spotlight at the moment and Russian oil company Rosneft has cut its production by 25,000 barrels a day in an attempt to boost the value but this is less than 1% of its total production so as expected it did nothing to the price – in fact the important West Texas Intermediate futures contract dropped 2.2% by the end of the session to $74.09. The UK Brent Oil also fell in tandem, it finished at $78.33 down $1.35 and is now heading back to the $77:00 support level.  The dozen members of the oil cartel OPEC are meeting in Vienna tomorrow and ahead of this important get together there were talks between Saudi Arabia and some of the smaller members yesterday as its poorer members Venezuela and Ecuador are pushing for output cuts as tumbling prices done untolled damage to their precious revenues.

Overnight, Asian markets ended fairly optimistically as good news from the U.S. yesterday has lifted sentiment. U.S. GDP data came in higher than expected although consumer confidence did disappoint but maybe that bad news will keep the Fed’s interest rate policy on hold for the moment ? Ahead of the Thanksgiving holiday tomorrow, the markets are mainly going to take their cues from the OPEC meeting, so don’t expect too much movement today. Gold prices initially fell yesterday on positive U.S. equities but a stronger Dollar ended that fall and the yellow metal ended the day up $2:90 at $1201:00

Market Close Tuesday 25th November 2014:   Dow Jones 30  -2.96 @ 17,814.94  S&P 500  -2.38 @ 2,067.03  NASDAQ  +3.91 @ 4,288.23  FTSE 100  +1.35 @ 6,731.14  UK AIM  +2.35 @ 729.84  DAX 30  +75.67 @ 9,861.21  CAC 40  +13.87 @ 4,382.31  IBEX +57.10 @ 10,699.60   Nikkei 225 (Today)  -24.04 @ 17,383.58  Hang Seng (currently)  +56.50  @ 23,900.41

23:45pm  ~  I ended up being out for much of the day due to a friend needing assistance with his boat – so no trading to report.