During the day on Wednesday, we get the ADP Nonfarm Employment Change numbers, the German Employment Change numbers, UK Construction PMI, and several other mid-tier announcements. With that being the case, it’s very likely that we will get some volatility during the day, and we happened to be watching these 3 assets:

Gold

Gold markets broke out during the day on Tuesday, clearing a relatively significant resistance barrier. With this being the case, it looks as if the call buyers are going to continue to push this market higher. Pullbacks could very well offer bits of support that call buyers prefer as well.

CAC
The French markets initially tried to rally during the course of the day on Tuesday, but found the €4550 level be far too exhaustive and resistive to continue going higher. Because of this, we ended up forming a bit of a shooting star. It looks as if the market could continue to go lower, and that put buyers may very well be encouraged for the short-term.

FTSE 100

The FTSE 100 tried to rally initially during the day on Tuesday, but found the 7000 level be far too resistive. The fact that we turned around and formed a shooting star is a negative sign, but we still think that there is a significant amount of support to be found out the 6900 level. Any bounce now could be a call buying opportunity. So: it a move above the 7000 handle.