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​In general, this market will be highly influenced by the jobs number coming out of the United States today. Because of this, we feel that a lot of focus will be put on the US dollar, US stock markets, and precious metals. Oil markets could have a part to play as well, mainly because of what affect this could have on the US dollar.

1 – Silver fell during the session, testing the 15.50 level on Tuesday. Because of this, it looks like we are going to go looking for support just below. We think eventually we will find it, and there will be a call buying opportunity but it will probably be based upon short-term charts only. We have no interest in buying puts as we are reaching a pretty significant support level.

2 – US stock markets in general look pretty soft, but are getting close to significant support. Because of this, we feel that a bounce could be coming, but you have to wait until the jobs numbers come out. Of particular note is the 2050 level in the S&P 500, so we see some type of bounce from that area we would serve buying calls immediately.

3 – The EUR/USD pair looks like it continues to find buyers every time it dips, so we are still call buyers on short-term pullbacks. We believe that the 1.14 level will remain a bit of a ceiling though, so we think it’s going to be basically to short-term trading from here on out for the next couple of sessions at the very least.