With very little on the economic calendar to move the markets on Monday, it’s likely that we will see a continuation of overall trends. With the jobs number coming out slightly better than anticipated, the nonfarm payroll aftershock will more than likely be minimal at best.

Silver

Silver markets initially fell after the announcement on Friday, but found quite a bit of support at the $17.25 level. By doing so it looks as if we are going to continue to consolidate in this area with $17.25 on the bottom and $17.75 on the top. Expect a lot of back and forth scalping but it does seem as if the call buyers have the momentum.

DAX

The German index did almost nothing during the session on Friday, but remains well supported just below. Because of this, call buyers will more than likely be attracted to this market again, as we have been in an uptrend. Pullbacks represent value that they will be more than willing to take advantage of.

Natural Gas

Natural gas markets broke down below the $3.10 level, and now look like they are heading towards the $3.00 level. A break below there could be catastrophic for the market, and it seems as if the put buyers are starting to flex their muscles yet again.