08:10am (CET)  ~  Not much trading for me today, I’ve some jobs around the house to do this morning then flying back to the UK after lunch.

Expectations are high that the bullish slant to the equity markets are going to continue in a week of thin economic news.  Friday’s U.S. employment numbers came in broadly as expected, with 217,000 jobs added – this was the fourth consecutive month that there’s been numbers above 20K and employment levels are now at pre-recession levels. The Dow Jones 30 index had another record week, breaking the 16730 resistance from a few weeks ago and now the significant 17,000 level can only be a few sessions away bearing in mind the optimism that’s around at the moment.  The wider S&P500 is also at record levels and we have already seen it rise to 1950 in pre-market trading during the Asian session early this morning.   “Sell In May And Go Away” ?  Not this year !  “Sell In June And Go Away Soon”   Maybe.

With investors still focused on equity markets, Gold was largely ignored again during Friday’s trading session and it finished lower at $1252.8 but slightly higher on the week as a whole. With rising equities taking all the spotlight, it does seem as though there is still some downside movement left for the yellow metal, and Friday’s session formed a reversal candle on the daily chart, so watch for another move down towards $1240.

09:25am  ~  I’ve just glanced at my charts quickly while sitting here doing some emails and there’s a ‘long’ trade starting to develop on my Brent Oil chart, so I’ll update you soon.

09:40am  ~  The Brent Oil price has risen sufficiently to trigger a ‘long’ trade, using one of my trendFX strategies. The stop-loss is 18 pips.

10:20am  ~  Going ok so far, I am currently at +9 pips.

12:45pm  ~  The Brent price has stalled slightly but has formed a small support level at 109.05 so I’m going to hang on to see if it will rise.

14:05pm  ~  We are off to Palma Airport in a few minutes so I have come out of my aforementioned Brent Oil position, the price has advanced nicely and I came out at 109.36 – giving me a +49 pip profit.