Morning Call by Greg Secker

Proving the underlying continued weakness of the American markets the Dow Jones flirted with an upward movement above the 11,500 level but then the index fell back towards 11,400 ending the day with a loss of 29 points. Today opening weakness is indicated followed by more indecisive movement. Watch Upper and lower levels around the recent formed channel points for breakouts but with little scheduled news to move the market as a whole, another oscillating day is likely. The FTSE closed 27 points up at 5404 down from the high of 5445 and a low of 5334. Today this index threatens more of the same undecided direction, with weakness at the core. Oil is trading at $130.53o per barrel and Gold is at $968.100 for 100g.