America and Canada take center stage

During the course of the session on Friday, we get announcements out of the United States and Canada in the form of retail sales and CPI, so this will be a market that’s basically paying attention to North America during the day.

Gold

Gold markets found the $1200 level supportive yet again, so having said that it is likely that this market will continue to find call buyers in that general region, as we should eventually build up enough momentum to continue the move higher.

EUR/USD

The EUR/USD pair initially tried to rally during the day on Thursday, but turned back around to form a very negative candle. With this being the case, the market looks as if it is ready to drop down towards the 1.10 level where we should see quite a bit of support. Short-term put buyers may get involved, but quite frankly of the first signs of support we are willing to buy calls.

WTI Crude Oil

The WTI. Oil market has a significant amount of resistance just above, especially near the $34 level. With this, we are simply waiting to see some type of exhaustion that we can serve buying puts based upon. Because of this, it’s only a matter time before we get involved, but at this point in time we will have to be patient.