09:05am CET (8:05 UK time)  ~  I have been away sailing for the past 36 hours but back home an hour ago now so I shall be spending the rest of the morning here in my study catching up on emails and also doing some chart watching.

The U.S. markets had more uncharted highs during last week and even here in Europe the German Dax 30 is now at the record July levels . In the UK the London FTSE 100 had an intra-week high of 6767 and is now pushing towards the highs of September. This index spent most of the summer trying to push up above the resistance point of 6900 and ultimately failed so a move above this number in December would be a big confidence boost for Cameron’s Government and their economic policy.

Indices aside, the main market story last week was Crude Oil values – OPEC and more specifically Saudi Arabia, are keen to keep the value on the slide to try to hurt the U.S. frackers as they are encroaching on Saudi’d Golden Egg. Commentators are predicting a slide below $60 a barrel in the next few weeks and a support level closer to $50, after Monday’s overnight Asian session U.S. Crude is currently at $64:46. The actual cost to get crude out of the ground for most countries is between $40-$42 so there is still a way to go before companies halt oil production.

Market Close Friday 28th November 2014:   Dow Jones 30  +0.49 @ 17,828.24  S&P 500  -5.27 @ 2,067.56  NASDAQ  +19.80 @ 4,337.78  FTSE 100  -0.80 @ 6,722.62  UK AIM  -3.06 @ 725.66  DAX 30  +5.98 @ 9,980.85  CAC 40  +7.84 @ 4,390.18  IBEX +43.10 @ 10,770.70   Nikkei 225 (Today)  +130.25@ 17,590.10  Hang Seng (currently)  -592.41  @ 23,395.04

All times are Central European Time (CET) one hour ahead of UK GMT

10:15am ~ Just been scrolling through my collection of favourite charts and the only slight bit of excitement is on the Gold chart – there maybe a ‘long’ opportunity coming up.

10:45am  ~  If the Gold price rises over 11671 it will trigger a trendFX strategy 3 trade.

10:55am  ~  I am now in a ‘long’ position on my Gold chart with a 52 pip stop loss – slightly higher than normal but this market has above average movements this morning so the profit potential is greater.

11:45am  ~  The Gold price seems to have peaked momentarily so I have come out of my position with a quick +107 pip profit. Going for a quick cycle ride to clear the cobwebs…

12:45pm  ~  There’s a possible ‘long’ trade setting up on my Brent Crude chart – it is very close to triggering if the prices rises a few pips — it’s another trendFX strategy 3 set-up.

13:10pm  ~  I am in my second trade of the day (the above Brent opportunity)

14:15pm  ~  Now looking at another trendFX opportunity – this time on U.S. Crude (WTI)

15:00pm  ~  I did get in the WTI trade a while ago and both Crude positions are doing ok.

17:25pm  ~  I’ve just come out of my Brent Crude position as it’s achieved just over 200 pips – and it’s mirroring the WTI position anyway.

17:45pm  ~  There is a small slowdown in the bullish movement on the WTI Crude chart so I have come out of my trade – it has managed +210 pips. This brings my total for all 3 of the day’s trades to +522 pips, all were strategy 3 set-ups from the trendFX system manual.