The Preliminary GDP numbers coming out of London and the Unemployment Claims number coming out of Washington DC will have an effect on the markets in general so having said that it is very likely that we will have quite a few trading opportunities around the world as both of these economies move so much in the world’s GDP.

WTI Crude Oil rallies

The WTI Crude Oil market rallied during the course of the session on Wednesday, but we still see quite a bit of resistance just above. Example, the $32 level looks like an area that could cause quite a bit of resistance. On top of that, we think that the $34 level will be as well. We are simply waiting for a sign of the market rolling over or an exhaustive candle in order to serve buying puts again.

Silver testing for support

The silver market fell a bit during the course of the day on Wednesday, but it looks like it did find a bit of support. If we can break above the $14.60 level, the market should go much higher. At that point in time we would not hesitate to start buying calls. Pullbacks at this point in time may offer call buying opportunities as well.

DAX looks strong

The DAX initially fell during the course of the day on Wednesday but turned back around and form a hammer and now looks ready to head towards the €10,000 level. We believe that the market will probably even got to the €10,200 level fairly soon, as it looks like the DAX is trying to turn things around.