Morning Call by Greg Secker

Yesterday the FTSE rose by 57 points to close at 4,122. Today, with little news out, look for the breaks of the 4,000 and the 4,200 levels for indications of decisive directional movement ahead of the Bank of England base rate decision tomorrow. The Dow Jones gained 270 points to close at 8,419 having ranged in a 300 point channel. Today watch for further volatility with a raft of low level news out from 12 noon onwards, with the breaks of 8,100 and 8,600 for indications of decisive directional movement ahead of the Non Farm Payroll report out on Friday. Oil is at $47.54 and Gold is at $778.70. That’s it for now, good trading and I will speak with you tomorrow.