At the close on Friday the FTSE finished the session down 43 points at
4,286 after another choppy day experiencing better than average volumes as more market makers down tools for the Christmas break. With no scheduled market moving news out today look to component and sentiment news to shape the direction that the remaining market makers take. In America on Friday a bumpy session saw the Dow Jones end down 25 points at 8,579. This again on the back of increased volume before the holiday season begins in earnest. As with the FTSE with no scheduled market moving news out today component and sentiment news amid reduced volumes is all there is to drive direction. Crude briefly dropped below $34 a barrel on Friday even after the record production cut from OPEC earlier this week, and this time the energy shares pulled back too. The current price for Oil is now $43.00 on the February contract after January’s contract closed on Friday. Gold is at $843.90. That’s it for now, good trading, and I will speak with you tomorrow.
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