During the session on Wednesday, we get a handful of announcements that could move the marketplace, including Claimant Count Change out of the United Kingdom, PPI out of Switzerland and CPI out of France, as well as many other mid-level announcements.
WTI Crude Oil
The WTI Crude Oil market is in a bit of a freefall now, and because of this it looks as if we are going to continue to see put buyers jump into this market.
DAX
The German index initially fell during the day but found enough support on Tuesday at the €11,900 level to turn things around and form a bit of a hammer. Given enough time, looks as if the call buyers will return every time we dip, so therefore this is a market that should continue to see bullish pressure.
USD/JPY
The USD/JPY pair rallied initially during the day on Tuesday, but it looks as if given enough time we will break above the 115 handle and continue to go much higher. Call buyers seem to be very interested in this market, and given enough time they could reach the recent highs of the 118.50 level.
