During the session on Friday, we receive a handful of announcements, but quite frankly most of the trading will probably be of a technical nature.

Silver

Silver continues to try to break higher, but the $18 level offers quite a bit of resistance. If we can get above the top of the range for the day on Thursday, it’s likely that the call buyers will be encouraged to push this market much higher. Pullbacks should be thought of as value by call buyers as well.

USD/CAD

The USD/CAD pair tested the 1.30 level again during the day on Thursday, but found support there as we have previously. Because of this, it’s likely that we will continue to go back and forth between the 1.30 level and the 1.31 level as call and put buyers argue over this support level.

CAC

The Parisian index pulled back during the day on Thursday, testing the €4900 level. This is an area that should be supportive, so call buyers may be interested in getting involved in the market at the first signs of bullish pressure.