The German CPI numbers coming out during the session on Monday of course will move the DAX and the EUR/USD pair. With that, we are looking to both of those markets for potential trading opportunities, as well as some of the other usual suspects.

The DAX continues to consolidate between the €11,400 level on the bottom, and the €11,600 level on the top. Because of this, the market looks like it will offer short-term call buying opportunities as the 11,400 level has been so tenacious and it support. If we can break above the €11,600 level, we feel that the market will then start and a larger uptrend. We have no interest in buying puts at the moment and every time we head back down to the €11,400 level, we are looking to buy calls.

We believe that the EUR/USD pair will continue to find support near the 1.11 handle, and as a result we are looking to buy calls. Quite frankly we have no interest in buying puts until we get below the 1.10 level, something that doesn’t look very likely in the short-term. On top of that, there is also an uptrend line that you can take advantage of.

The WTI Crude Oil markets fell initially during the session on Friday, but as you can see found enough support to form a hammer. We believe that this market is well supported, and that it’s only a matter time before he break out to the upside. We are call buyers every time it dips, and believe that we will eventually break above the $62 level which is a longer-term call buying opportunity.