Daily Trading Opportunity - Friday, March 24
With a handful of announcements coming out of the European Union today, it’s likely that we could get a bit of volatility. The German Manufacturing PMI numbers as well as the same European Union numbers will be watched closely, just as the Core Durable Goods Orders will be out of the United States.
WTI Crude Oil
The WTI Crude Oil market continues to bounce around in consolidation, so it looks like back and forth trading will more than likely be a feature of the day. A breakdown below the $47 level could have put buyers jumping into the market though.
Gold
Gold markets are continuing to grind higher, as we reach towards the $1260 level. It appears a call buyers will return every time you pull back, and a break above the recent highs in late February should send this market much higher over the longer term.
EUR/USD
The EUR/USD pair initially fell during the session on Thursday, but continues to find call buyers underneath. Because of this, looks as if bullish pressure is trying to build in this market, and perhaps extend the run higher. It looks volatile, but certainly the call buyers seem to be in control.
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