During the session on Monday, we get a handful of minor announcements, so having said that we are not expecting any major news crossing the wires to disrupt previous trends or ranges.

Gold

Gold markets continue to try to break above the $1200 level, but every time we reach towards that area it seems that the put buyers are coming back into the market. This is an area that was previously massive support, so now it looks as if it could end up being massive resistance. Put buyers seem to be flexing their muscles.

DAX

The German index rallied during the day on Friday, showing signs of life, as there is more than enough support underneath at the €11,500 handle. Eventually, the market should continue to go higher, and a fresh, new high will bring in more call buying as we can continue to reach towards the €1200 level. Put buyers seem to be on their back foot currently.

USD/CAD

The USD/CAD pair had a very quiet session on Friday, but the hammer that formed on Thursday suggests that if we can break above the 1.32 handle we could see more call buying. A break down below the 1.30 level which is below the bottom of the hammer would be very bearish and the put buyers will get involved.