Good morning traders!

In Asia today, the Hang Seng ended the morning down 20.65 points at 16,867.15, while the Nikkei was recently down 237.82 points at 15,261.36.

New York's main oil contract, light sweet crude for delivery in September, had surged $1.14 to $75.90 a barrel from its close of 74.76 usd in the US Friday.

Happy trading!

G.

Good morning all.

Rather grey today.

Morning All,

Where's Melnibone?

Hi, Stan, wasn't going to post much until after the Fed on Tuesday
evening.

Folk are worried about the balance between slowing US growth and inflation,
and what will happen if the Fed gets it wrong and one over balances the other.
Should get the market's concensus and reaction after Bernanke's words of
wisdom on Tuesday.

Here's a few charts to keep you going until then. Two P&F charts on the
Ftse, one showing the big picture and one showing the current 'noise'.

The third is a big picture view of the Eustox50 showing why stuff is a bit
hesitant at the moment.

All the above charts are using Friday's closing prices.
Today's action not included, but you can see how the UKX smaller
10 point chart has identified the initial support for the Ftse
in today's action so far.
Doesn't mean it will hold here, but it's your starter for 10. ;-)

Maybe catch you later.

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