Daily Alert: Tuesday 12th December 2017

Mark NugentDaily Alert, Dec 2017

Trading Analysis for Tuesday 12th December 2017

Yesterday was clearly risk on.

News emerged that the Forties pipeline, which carries 40% of UK North Sea oil production, will be shut for weeks due to repairs after a crack was found. WTI and Brent rise on the news. As my view is short on oil, I will use this as a pullback opportunity to get in at a better price.

Today we have UK CPI.

Further to yesterday’s Trading Plan, if on Thursday the Bank of England recognises last week’s Phase 1 Brexit agreement as removing some downside risk to the economy, then the GBP may well rise. There is no press conference this month, so we will have to digest the Monetary Policy Summary document to see if the Brexit agreement changes the Bank’s economic outlook.

[mepr-hide if=”loggedin”]

VIP Club members please [mepr-login-link] to access your Daily Alert video.

For VIP Club members, this commentary is augmented with a short daily video where I discuss the trades I am in and the opportunities for tomorrow. If you would like a free one month trial to the VIP Club you can find out more HERE.


[mepr-show if=”loggedin”]

Here is your Daily Alert video.

The updated Trading Plan is HERE.

You can download the video HERE. If it starts to play in your browser, right click on it and select “save video as” or similar and it will download to your machine.

There is an archive of all VIP Club member’s content on the VIP Club page.