During the day on Tuesday, we get several mid-level announcements out of the European Union, Great Britain, and then of course New Zealand. None of these announcements will more than likely move the markets drastically, so quite frankly we feel that it’s just simply a matter of following the longer-term trends.

Gold continues to rally

We believe that every time gold pulls back, you have to be thinking about buying calls as the market looks so well supported. We believe that gold markets are going to reach towards the $1150 level, and therefore have noticed whatsoever in buying puts at this point in time as the bullish traders are so in control.

WTI rolls over

The WTI market world over at the $34 level in order form a fairly negative candle. We need to break down below the $32 level in order to serve buying puts though, but we do think that will happen given enough time. Ultimately, this market should start reaching towards the $28 level fairly soon.

EUR/JPY continues to rally

The Euro rallied against the Yen during the course of the session on Monday, as the Bank of Japan and its real negative interest rates will certainly continue to punish the Japanese currency. We believe that every time this market pulls back, you have to be thinking about buying calls.