27th June 2013

I said this morning that I would close today's trade if the market rises, it has and so I'm closing at 1.615.10. I went long at 1,602.83 so that is 12.27 points profit. Not a huge profit but OK nevertheless. The upward sloping resistance has not broken yet and I *might* consider taking a short position when it does because I'm no longer convinced that the directional bias upwards is as strong as it once appeared to be given that we actually saw the market below 1,600.00 for a while...

Here's the chart -