During the session on Friday, we get a handful of announcements that could move the market, most significantly industrial numbers coming out of the United Kingdom. Ultimately, it’s likely that the market will continue to be a reasonably choppy.
WTI Crude Oil
The WTI Crude Oil market has collapsed, and it appears that any time we rally, there should be a good opportunity to start buying puts as the bears have come out. The next major support level should be found at the $47 level underneath.
Natural Gas
Natural gas markets initially fell during the day but continue to press against the $3 level above. Ultimately though, we are in a massive downtrend, and that should continue to be negative in general. Any signs of exhaustion should bring out put buyers.
CAC
The Parisian index bounced slightly during the day on Thursday, as we continue to see support at the €4950 level. It looks as if the call buyers are going to make a run towards the €5000 level above.
