Dax

A possible triangle....headed to support at 10 000 ?

chart from earlier in the week showing the top pattern

Ftse

Ftse should rally next week if support at 5850-5900 holds.It is very oversold.last year there was a Christmas raly that started on December 15

A new EU border force

"In the end, it may be losing control of the border that does in the European Union. You’ve read a lot about the euro, the trend toward ever more political centralisation of power, and Germany’s dominance of the eurozone. But if a super-state can’t protect its borders, member states will start acting on their own. Or start leaving.

It may all be coming to a head sooner rather than later. In Britain, the focus is on next year’s referendum. But the Financial Times reports events on the ground are moving much faster. The FT writes that:

“Brussels is to propose the creation of a standing European border force that could take control of the bloc’s external frontiers — even if a government objected. The move would arguably represent the biggest transfer of sovereignty since the creation of the single currency.”

You see. It was never about the money. The money is just a means of persuasion, or coercion if necessary."

fro Dan Denning ,Capital and Conflict 

NY Cocoa

Ftse

RRS

chart from Gary Savage showing positive divergence by the miners

nice reversal days on Thursday...Fridays price action was strong in the US but weak in Europe,sending a conflicting message,so next week should be interesting