Technical Analysis

UK FTSE down -0.1% as PM May and parliament continue to muddle through Brexit The major European indices are ending the session with declines.   As a reminder, US markets are closed today. The provisional closes are showing: German DAX, -0.7% France’s CAC, -0.3% UK’s FTSE, -0.1% Spain’s Ibex, -0.6% Italy’s FTSE MIB, -0.35% Portugal’s PSI
The rebound in oil continues Signs of progress in US-China trade talks have boosted optimism about global growth and that’s given oil a lift. WTI crude oil is up $1.60 today to $53.63, which is the best level since December 7. The rally today also clears the 55-dma for the first time since mid-October. To