During the day on Wednesday, we have several announcements coming out of the United States including ISM Manufacturing PMI, the Beige Book, as well as other PMI type numbers. ~Towards the Americans overall.

Silver tries to rally

Silver markets tried to rally during the course of the day on Tuesday, but pullback in order to form a bit of a shooting star. The shooting star of course shows signs of weakness, but if we can break above the top of the shooting star, it’s likely that the call buyers will return to the market as we are sitting on pretty significant support.

French markets pullback

It looks as if the French markets are currently struggling just above the €4500 level, but quite frankly it looks as if the market has more than enough support below to continue to drive higher on pullbacks. More than likely we will have call buyers interested in this market as there seems to be a general strengthening of European indices.

USD/JPY struggling with resistance

The USD/JPY pair looks as if it is trying to break out, but the 112 level offers a bit of resistance above. Pullbacks at this point in time could very well find quite a bit of support near the 110 level, so it appears that the market is trying to build up enough momentum to continue going higher.