During the day on Monday, we get the European CPI numbers coming out, as well as the New York Empire State Manufacturing Index, and as a result it’s very likely that the markets will be more steady than jumpy. However, there are several assets that we are paying attention to.

Gold

Gold markets fell initially during the day on Friday, but continue to find support near the $1240 level, as we ended up forming a bit of a hammer. If we can break above the $1260 level, call buyers may have interest in getting involved in the market as we continue to find plenty of support in this particular area. Put buying isn’t even a thought for most traders at this moment.

WTI Crude Oil

The WTI Crude Oil market tried to rally initially during the day on Friday, but turned around to form a shooting star. The $51 level looks very resistive, so it’s likely that short-term put buyers may continue to offer a bit of resistance, with the $49 level below perhaps been attractive to call buyers.

USD/CAD

Initially, the US dollar rallied against the Canadian dollar but the area above the 1.32 level above offered far too much in the way of resistance. However, it’s likely that there will be plenty of support below, as we have been grinding higher. Call buyers should continue to be interested in this market, especially if oil starts to fall again.