It’s a quiet session during the day on Friday, as Core CPI numbers coming out of Canada and a couple of mid-level European announcements will grab most of the headlines. 

Gold

Gold markets continue to find call buyers as we press against the $1250 level. If we can break above there, call buyers will be emboldened in the market should continue to go higher. Pullbacks should offer value for call buyers as well.

WTI Crude Oil 

With the Crude Oil Inventories announcements coming out on Thursday, I break above the $55 level could be rather bullish. However, pay attention to where the daily candle closes for direction on Friday. If we are below $55, the put buyers should be stubborn yet again, but if we can close this above the $55 level, the market is free to enjoy bullish pressure.

FTSE 100 

The FTSE 100 fell a little bit at the open on Thursday but continues to press higher. If we can break above the 7350 level, the market should continue to enjoy bullish pressure as call buyers will see this is a continuation of the longer-term uptrend.