European markets traded in narrow ranges yet managed another positive close on strength in the commodities sector while banks turned red for the second day in a row. The DAX traded over the 13,000 level for the first time ever yet closed under after turning lower on the US retail and CPI news. Overall the trading day was lackluster and stocks basically had no momentum to move either way. For the week the EUSXX50 closed up 0.5%.
|Rio Tinto.uk||3%||BNP Paribas.fr||-0.84%|
Forex & Commodities markets:
The dollar index was flat on the day after a wild day, first moving sharply lower on the PI number than came lower than expected only to reverse and close flat for the day. Metals enjoyed dollar volatility and a strong China data to move higher with gold closing at 1300$ per barrel. OIL managed to climb on geopolitical Iraq Kurdish dispute and closed above 51$. There is no important news on the agenda Monday.
Swing trades follow up –
|Trade||Entry price||Position||Open profit||Date triggered||Stop loss||Remarks today|