FXEmpire | November 21 2012 10:49 EST
The Dow Jones Industrial Average futures rose during the session on Wednesday as the “risk on” trade came back into play. This was exacerbated by the Israelis and Hamas agreeing to a cease-fire, and as such a lot of the world’s biggest concerns were suddenly columned.
It should also be noted that today is Thanksgiving, so the indices will be closed causing extreme illiquidity in this marketplace. With that being the case, this market will more than likely be best avoided until at least Friday, when it will still be very illiquid. All things being equal, Monday is when you should be looking at this chart again, and of course the fact that we have risen so far the last three days does suggest that we could have higher prices.
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Originally posted here