08:25am   This is my last trading day this year and will be going away on holiday tomorrow until January 4th, so I will be back in front of my charts on Thursday 5th January.  Any trades I have today will be detailed below.

Market Update: Yesterday’s U.S. trading session ended in a bullish move with the main Dow Jones 30 index closing in once again on the 20,000 level, it ended the day at 19,974 (+95 pips) and price action on the 4-hr chart this morning is hinting that we should see the big number reached before the end of the week. The overnight Asian markets was similarly bullish except for the Japanese Nikkei-225 index which closed down 50 points at 19,444 – profit taking was the main culprit as traders booked profits after a good run-up since the summer.

The sentiment in Europe this morning is slightly different however as Germany confirms that they did suffer a terrorism attack and they still do not know who the perpetrator was yet, putting a lot of Northern Europe on high alert.  Wednesday sees  the U.S. oil stock announcement and estimations are for a fall of 2.4 million barrels so any variation will probably see a price reaction around  16:30pm European time. U.S. WTI Crude Oil is currently sitting at $53:59 after a positive trading session yesterday where the price rose $1:41 to close at $53:49.

Trading Diary:

10:40am    Not much happening on my collection of favourite charts so far this morning so I am off for a cycle ride along the beach path.

13:00pm   Been back an hour or so and no opportunities on my chart so I am closing off my screens and calling it a day on trading this year as I have been invited out for a clay pigeon shoot this afternoon.