The DOW traded mostly sideways throughout its session yesterday as the index built a clear range between 11340 and 11440 before closing with a gain of 27 points.

The FTSE was immensely bearish on the open based upon the preceding US session, before rallying strongly for the remainder of the day.  However, the rally was not enough and the FTSE still closed down 34 points on the day.  It remains hovering under the 50EMA and the psychological number of 5500.

The DOW Futures are being called down 21 and the FTSE daily future is being called down 6 points. Crude Oil is trading at 116.87 dollars a barrel and Gold is trading at 832.4 dollars a troy ounce.  Today’s main announcement will be the US Durable Goods at 1330 BST.

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