Morning Call by Greg Secker

The FTSE fell by 204 points to end the day at 3,883 with Friday’s session forming a low test bar look to the 3,700 level which if broken could signal the next sustained fall to the lows around the 3,270 level last seen in march 2003. In America the Dow ended the week at 8,378 with a loss of 312 points by the finish of Friday’s session showing the 8,200 level to be providing minor support. Look to the break of this, which may signal the next fall towards the 7,400 level last seen again in 2003. Home sales reports are out today and with indications that the news could be negative the index may suffer again today. Oil is currently at $63.57 and Gold is at $736.10. Good trading and I will speak with you tomorrow.