Very quiet economic calendar

During the session on Monday, we have very little to move the markets due to economic announcements, so we believe it will essentially be a continuation of the overall trends that we’ve seen recently.

Gold bounces

The gold markets bounced during the course of the day on Friday, showing a significant amount of bullish pressure. However, the area above is massively resistive, so having said that we are waiting to see if we get some type of resistant candle that we can serve buying puts based upon. We believe that the market continues to consolidate, meaning that we should have a return to the $1050 level.

WTI Crude Oil bounces slightly

The WTI Crude Oil markets bounced slightly during the course of the session on Friday, but quite frankly we are at extreme lows at this point in time. We believe that any bounce from here should be a put buying opportunity as the oil markets continue to show significant bearishness overall. We see no reason whatsoever to buy calls.

FTSE rolls over during Friday session

The FTSE fell during the course of the session on Friday, showing the 6100 level to be just a little bit too much in the way of resistance. With that being the case, the market looks as if it is reaching towards the 5900 level, and that gives us a put buying opportunity on a break of the bottom of the range for the session on Friday.