Morning Call by Traders University

The DOW falls back below the 12,800 level ending the session down 104 points at 12,720. The S&P closed down 12 points and the NASDAQ fell 31 points. The FTSE 100 gapped lower at the open and traded sideways for the rest of the session ending the day down 18 points. Futures - DOW is called up 20 points, FTSE is called down 10 points. Oil has trading at new record highs over night and is currently trading at $118.18 a barrel and gold is trading at $922. Also keep an eye on the EURUSD as it consolidates below the 1.6000 level.