With almost nothing to push the market to run on Monday as far as economic announcements, we will look into technical analysis for hands as to where the market is ready to go. With that being the case, we feel that the market might be fairly quiet, but at the end of the day the charts tell us which way the market wants to go.

The WTI Crude Oil market continues to consolidate in a range between the $57 on the bottom, and the $62 level on the top. Because of this, we feel that the market can be bought by going long calls after we dipped slightly. We believe that this range will hold for the foreseeable future.

The DAX initially tried to rally during the course of the session on Friday, but turned back around at the €11,200 level to form a bearish candle. Because of that, we feel that the market will then head down to the €10,800 level where there should be significant support. Ultimately, we would be call buyers down there as the market should continue to find buyers in that particular region.

Although we didn’t do much during the session on Friday, but the one thing you can take out of this is that the market continues to find buyers even though we are near the 1.58 level. With that being the case, the market is one that we are buying calls in on short-term pullbacks. The market should continue to show strength overall for the longer term.

The EUR/USD is trading between the levels 1.1325- 1.1470. With a break above the resistance level at 1.1470 on a daily close above we would favour of buying call options. In case of a move below the support level at 1.1325, we could be buyers of puts. Near-term support is at 1.1320, with a break below that exposing the support area of the rising trend-line.

FTSE100 prices are trading lower across the downtrend-line. We would be buyers of puts for the FTSE100 as it closed below the resistance level at 6736.95. Near-term support is at 6627. In case of a move above the trend-line-resistance at 6736.95, we could be buyers of calls.

GOLD Prices are trading below the resistance level at 1,200, with that in mind we favour buying put options. Near-term support is at 1,186. In case of a move above the resistance level at 1,200 we could be buyers of call options.