European Union Industrial Production numbers
During the day, the European Union Industrial Production numbers come out, which will be about the only announcement that can move the markets. It could have an effect on European indices, and of course the Euro itself. Ultimately though, we feel that the market will be very much a continuation of the overall trends.
Silver markets finally falling
Silver markets finally broke down during the session on Friday, clearing the $14 level with ease. Because of this, we are buyers of puts in the general area that we find the market and, as we should continue to drop down to the $12 handle. Because of this, we believe that every time this market rallies you have to start thinking about puts.
WTI Crude Oil markets continue to crumble
The WTI Crude Oil market continued to fall during the course of the session on Friday, and now looks set to reach the $35 level. We believe that short-term charts will give short-term put buying opportunities, every time we rally as this market certainly has quite a bit of negativity attached to it. With that being the case, we continue to place bearish bets as this market will eventually break down below the $35 level, but may need to attempt the breaking of that level several times.
FTSE breaks down
The FTSE broke down during the course of the session on Friday, and it now looks as if rallies should be put buying opportunities. The 6100 level should be a bit too resistive to continue going higher, so we will look for resistive candles after short-term rallies.
