07:55am CET (06:55 UK time)  ~  Looks like my broadband is up and running again after overnight repairs here so I’m going to be catching up on emails this morning – plus some chart watching as well.

European equities should open positively this morning after U.S. equities managed another record close after positive construction numbers yesterday and lower crude prices has helped energy shares as well. The Dow Jones 30 ended at 17,879 last night but has still been unable to rise above the previous resistance of 17,895 so watch carefully at this level.  The wider S&P 500 is still catching up and is still a way off its resistance of 2075 – once that level is exceeded and become support we will probably see more higher highs as the year-end rally continues.

Crude oil was in the news again yesterday as the Iraqi government together with Kurdish officials have reached a temporary agreement to increase their oil production and exports. As expected, this had a negative effect of values and the U.S. WTI Crude price dropped $1:60 to end the Tuesday’s session at $67:60 a barrel and it looks as though it is heading back towards the support at $63:75.

Gold suffered from higher equity markets together with a stronger U.S. Dollar so it dropped below the important $1200 yesterday and if the year-end equity rally continues we have the probability that it will return towards the support at $1137, it’s currently at $1200:50 as I write this after the overnight Asian session.

Market Close Tuesday 2nd November 2014:   Dow Jones 30  +102.75 @ 17,879.55  S&P 500  +13.11 @ 2,066.55  NASDAQ  +18.15 @ 4,305.96  FTSE 100  +85.73 @ 6,742.10  UK AIM  -1.96 @ 710.95  DAX 30  -29.43 @ 9,934.08  CAC 40  +10.97 @ 4,388.30  IBEX  +76.40 @ 10,749.20   Nikkei 225 (Today)  +57.20 @ 17,720.43  Hang Seng (currently)  -157.55  @ 23,496.75

All times below are Central European Time (UK +1hr)

9:55am ~ Just back from a cycle ride around the bay and I can see a possible UTB setting up on my Gold chart

10:45am  ~  The Gold price has dropped enough to trigger a ‘short UTB trade, my stop loss is 28 pips.

13:25pm  ~  I am now out of my Gold position, the price has been bouncing around the 1200  ’large’ number, so I closed the trade off with a +51 pip profit.  Also time for lunch so I shall cycle into town

22:10pm  ~  We got in an hour ago so I did have a quick look at my S&P 500 chart but there’s been no ‘Trade With A Day Job‘ opportunities in the run-up to the close of the U.S. session.