Daytrading April 14th pre-market

Good morning Ladies and Gentleman

Wall Street pushed out a 4 month high fueled by better then expected
Chinese export figures which jumped to their highest level in a year. Still riding on the back
of Jan Yellen's 'lover's promise' to 'proceed cautiously' and a 4.2% jump for JP Morgan Chase
& Co which in turn towed the other banks higher, the 'Street' finished close to its highs.

Iron broke through the US$60 mark to finish up 2.1% at 60.48 in response to signs China trade
woes might've bottomed. Improving property prices in major Chinese cities continue to support the rally.
Many analysts are still calling this rally down but is there a possibility we'll see some cartel like - I mean
responsible production cuts from the majors to sustain its direction...? Rallies don't usually wait for analysts to
give the all clear. Twiggy might prove to have been ahead of the curve on this one. Maybe they'll all take a trip
to Doha over the weekend to watch and learn.
Oil ended a 3 day run when weekly data showed a surge in US crude supplies which finished 1% lower at 41.76.
Opec has lowered it's forecast growth in demand for oil by for 2016 by 4% citing balmy weather and risks
in the economies of China and Latin America. This is the opposite of what the Yanks were saying on Tuesday.
If Opec is right then producer cuts might not be as effective in helping the price recover as first thought - and
just when everything was set for Sunday. Maybe hold off with the party hats just yet. In further developments,
a strawed poll of OPEC members showed that if they ever had to, they would all prefer get into bed with Hillary
rather then Donald. A third report is due out today - Oil forecast, that is.

Gold is lately lower by 16.87 to trade at US$1242.53 an ounce with Silver up marginally to sit at $16.20.
The base metals all enjoyed a rally last night with lead the best at 2.39% higher and Dr Copper the worst at
0.60% higher. Lead balloon eh...?

A bankruptcy filing by US coal giant Peabodys will not threaten any local jobs so good news here.
Much of there woe stems from their 2011 takeover of Macarthur Coal.

A couple of sectors aside, it looks like another zinger of a day. Good luck everybody!

Rockstar Jones