Light economic calendar

The economic calendar during the session on Thursday as been to be very light, so quite frankly we think that it will essentially be a matter of wanting for breakouts and breakdowns to occur. With the Nonfarm Payroll numbers coming out during the session tomorrow, we will stick to short-term charts.

WTI continues to soften

The WTI Crude Oil market tried to rally initially during the day on Wednesday, but turned back around to show signs of noncommittal buying. With this, we are put buyers every time this market exhaust itself after short-term rallies, and of course a break down below the lows of the boat Tuesday and Wednesday sessions.

CAC struggles

The French markets initially tried to rally during the course of the session on Wednesday, but found the €4300 level to be a bit too resistive. We turned back around to form a fairly negative looking candle, and it now appears that the Parisian index will try to reach towards the €4100 handle, making us put buyers.

EUR/GBP finding support

The EUR/GBP pair initially fell during the course of the day on Wednesday, but found enough support to turn things back around and form a hammer. That is a very bullish candle, so we can break above the 0.76 level, we are call buyers as it would be a continuation of the longer-term uptrend.