During the day on Wednesday, we get the Crude Oil Inventories announcement coming out, as well as the New Home Sales numbers coming from America. With that in mind, we look at the following 3 assets:

DAX

The German index rallied a bit during the course of the day on Tuesday, but pulled back to form a bit of a shooting star. While this is a fairly negative candle, we could break above the top of the range for the Tuesday session which would be very bullish and should continue to encourage call buyers. Nonetheless, there is a significant amount of support just below, so at this point in time you would have to think the call buyers must be waiting below.

Gold

Gold markets rallied slightly during the day as we continue to see bullish pressure due to a lack of interest-rate hikes coming anytime soon. Because of this, a break above the $1275 and would more than likely bring in more call buyers as it would show real strength. Pullbacks at this point in time should continue to see call buyers below as well as there is quite a bit of support.

WTI Crude Oil

It looks as if the WTI Crude Oil market is simply awaiting the inventory numbers, but at this point in time it’s easy to see that there is quite a bit of support at the $49 level. With this in mind, you have to think that the call buyers are waiting just below. However, if we break down below the $49 level, that would be a very negative sign.