During the day on Monday, we get almost nothing as far as economic announcements are concerned, and with that being the case it looks very likely that we will simply follow momentum that presents itself going into be trading session. With this, we look at the following 3 assets:

Nikkei 225

The Nikkei 225 initially tried to rally during the course of the session on Friday, but continued to selloff as we’ve seen a general drift lower. At this point in time it’s very likely that put buyers will continue to push the market in order to try to find support at various levels below. Recently, market had been consolidating between the ¥16,000 level and the ¥17,000 level. At this point in time it looks as if the market is perfectly content to trade in this range.

Silver

While silver markets have been fairly steady over the course of the last several weeks, but we have had a very negative session during the day on Friday. Because of this, the buyers could be getting a little bit exuberant, trying to push the market lower. However, we have not broken down completely yet, so today’s session could be very important. If we can break down below the $19 level, at that point in time put buyers might be a little bit more encouraged.

USD/CHF

The US dollar bounced off of pretty significant support during the day against the Swiss franc, showing signs of resiliency. With this being the case, call buyers could be interested in going into the market, but there is a significant shooting star just above that could cause quite a bit of trouble. So while this looks like a significant bounce, it still could face quite a few problems.