Daily Trading Opportunities - Tuesday, March 28

During the session on Tuesday, we get a handful of announcements coming out of the United States, but most of them are of the mid or low-level variety. With this in mind, we look at the following 3 assets and expect some stability.

WTI Crude Oil

The WTI Crude Oil market continues to slide, as we reach towards the $47 handle. If we can break down below the level, the market should attract more put buyers as it would be a break of support. In the meantime, bounces are possible, but it looks as if we are simply consolidating.

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Gold

Gold markets rallied during the day on Monday, slamming into the 1260 region. This is an area that has a significant amount of resistance built in, so short-term pullback could be likely. If we break above the $1265 level, that would be a fresh, new high and should attract plenty of call buying.

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Natural Gas

Natural gas markets rose during the Monday session, now looks set to test the $3.15 level. Any type of resistive candle could bring out the put buyers though, as the natural gas markets are facing a serious oversupply issue. In the meantime, looks as if short-term call buyers are running the market.

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