Morning Call by Greg Secker

The Dow Jones ranged about in early trading then meandered towards the session end closing up 413 points at 9,265. With the 9,200 level only just broken look for sustained price action above this level for upward directional indication or a break below the 8,900 level on the downside. With no major market news out today component news will as yesterday lead movement again. At home the FTSE closed up 219 points at 4,282 and as with Dow, starved of market moving news look to resistance off the 20 ema at around the 4,500 level and support at around the 4,100 point whilst we look forward to the Bank of England minutes out tomorrow and our GDP figures out on Friday for more conventional movement. Gold is currently at $798.60 and Oil is trading at $75.00. Good trading and I will speak with you tomorrow.