UK markets started another week in red yesterday the FTSE  250 dropping its 21EMA well the AIM All share tested the 50 MA and rejected with the FTSE  100 checking but holding its 8 EMA and remains  the most bullish UK Index

US markets showed a bit of red with the S&P down -0.4%, Nasdaq -  FTSE futures flat on the cash close around 7680

Brent oil briefly dipped to the $80 level but has bounced back and remains below the $82 level continuing to occupy a fairly tight range.

Copper dropped back to its 50 MA, but has since bounced it continues to remain in a channel

Gold briefly dropped to its 8 EMA yesterday and has  bounced to move back and test the 50 MA yet again, as dollar continues to remain muted below the 104 level, the path of least resistance is likely to the upside. There is a slew of central bankers talking this week from US to EU and the UK as well as GDP numbers for the US on Wednesday followed by core PCE (US inflation data ex food and fuel) on Thursday - these may provide catalysts to give the dollar some direction.

As highlighted yesterday and over the past few days, Bitcoin had continued to trace its 8 EMA preparing for a move- and has since broken out significantly north rising 3.5% overnight to the $56,000 level . I remain long ARB which should do pretty well today and staged a 20% intraday move yesterday as BTC started to break out.

Selling fairly broad in UK markets yesterday concentrated in pharmaceuticals, medical equipment, base metal miners and utilities

Dollar index traces the 21 EMA

Brent oil remains in a tight range making an attempt at the 200 MA

Copper channel bound testing the 50MA