07:15am  Another early start as I’m helping the builders again here at home  - so once again no trading for me today.

Market Update:

Asian markets overnight have had quite a mixed session after U.S. equities finished down on Monday night by around 1% as traders experienced renewed worries over monetary tightening by the Federal Reserve before the end of the year and also continuing disappointing trade numbers out of China at the weekend.. On the flip side, there will be bargain hunters out today after such large falls so markets both here in Europe and the U.S. should see some bullish sentiment appearing during the day.

A report late on yesterday from the U.S. Department Of Energy that highlighted a continuing decline in crude production helped WTI Crude stem Monday’s losses, there has been a fall now for four straight sessions and the price is quickly approaching it’s near term support level at $42:50, it is currently sitting at $43:94 this morning with bullish clues on the 4hr chart.

Gold was helped by bargain hunters yesterday and finished the session slightly up, its first positive day for nearly a month – the value has dropped from $1190 in the middle of October to $1091.40 this morning.