During the day on Wednesday, we get several announcements that could move the marketplace, including crude oil numbers, employment numbers out of the UK, CPI numbers out of the United States, as well as retail numbers out of America later.

We’re currently looking at the following 3 assets:

Gold

Gold markets rallied again during the day on Tuesday, using the $1225 level as support. It looks as if the market is going to try to go higher, perhaps reaching towards the $1245 level again. If we can break above the $1250 level, that should only embolden call buying.

DAX

The German index continues to see strength, but we did have a fairly quiet session on Tuesday. Any pullback in this point in time should attract call buying though, as we are most certainly in an uptrend. The €12,000 level looks to be a target for traders.

USD/CAD

With the oil inventory numbers coming out, this could be an interesting market. It looks as if the 1.30 level will continue to be support, and if we can find call buyers in this area we could bounce. However, if we break down below here it’s likely that the put buyers will try to push this market all the way down to the 1.28 handle.