We have a lot of Chinese numbers coming out during the day so we think it’s going to be a very risk sensitive session on Monday. That being said, we look at a few of the charts.

EUR/USD falling

The EUR/USD pair fell rather hard during the day on Friday, and it looks like we are going to head back down to the bottom of the consolidation area that we have been in for some time. With this, we are buyers of puts on signs of weakness.

AUD/USD struggling

The AUD/USD pair tried to break out during the session on Friday, but struggled at the 0.71 handle. By doing so, we turned back around to form a bit of a shooting star, and as a result we feel that this market will probably drop from here. If we break down below the bottom of the range, we are put buyers as the Australian dollar downtrend should continue.

WTI finds a bit of support

Crude oil markets initially fell during the day on Friday, but turned back around to form a bit of a hammer. However, there is a significant amount of resistance above so therefore we are simply waiting for exhaustion in order to start buying puts yet again.