06:55am   An early start for me today as I’m currently getting my first ‘Daily-Trading-Guidance’ information email compiled for new subscribers and delivered before 7:30am this morning – the rest of the morning will be spent here at home getting through the hundreds of emails that have come in over the last few days regarding this new service. If I have any trades I’ll report the details here.

Market Update:

European markets had a largely negative session yesterday due to falling bond values and ongoing Greek debt worries – although the ruling Syriza party has stumped up  their latest loan repayment, there seemed to be too much rushing around trying to find enough money to give anyone confidence that their next one will be paid on time. In the U.S. there was also pressure in bond markets and U.S. treasuries witnessed a sharp sell-off and this sentiment brought both the Dow Jones 30 and S&P 500 indices down by around 0.5% apiece by the end of the trading session.

Crude oil markets have been in decline for the past three trading sessions on renewed worries of oversupply in both the U.S. and here in Europe but my daily WTI Crude chart shows strength for a new move upwards. Also this morning a past Qatari  energy minister has said that OPEC should not change its production target in an attempt to raise the value of crude oil so this will also place pressure on values.

Trading Diary:

10:10am   Just had a quick look at my charts and there could be a potential ‘long’ trade on my Brent Crude chart using one of the trendFX set-ups.

10:25am  The Brent Crude price has risen above $65.67 so I am now in a ‘long’ position with a 30 pip stop loss.

12:55pm   Off to lunch in a minute, so I’ve closed off my Brent Crude trade at +60 pips.

18:20pm   Sitting here doing some Skype calls and emails for the last hour and I’ve just got into a ‘short’ UTB trade on my U.S. WTI Crude chart – my stop loss is 20 pips. As happens sometimes, there is also the same opportunity on my Brent Crude chart as they move similiarly.

19:15pm   Quick trade – and out now. Managed +39 pips.