Daily Alert: Friday 24th November 2017

Mark Nugent Daily Alert, Nov 2017

Trading Analysis for Friday 24th November 2017

My WTI survives the consolidation yesterday morning. Stop moved to 1 x ATR below current price, locking in around 1.5 x risk of 0.77%. As I suggested yesterday, my FTSE250 gapped down on the open and I closed it for a modest gain of around 0.37%.

The US and Japan are on holiday.

The oil rhetoric continues: Russian Energy Minister Novak will discuss OPEC deal extension and duration at November 30th meeting and that all are committed to see OPEC deal results. (Newswires)

ECB Monetary Policy Meeting Accounts: Keeping QE open-ended had broad support, but a few wanted a clear end date. Growth data provided greater confidence in inflation trajectory. ECB sees short-term growth risks to the upside.

In the UK, Second Estimate GDP is on track.

In Canada, Retail Sales misses.

I expect today to be quiet as the US and Japan are likely to remain on holiday.

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