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1 – Looking at the WTI Crude Oil market, you can see that we bounced during the session on both Thursday and Friday, and as a result we feel that the market should then continue to go towards the $62 level. The consolidation continues, and we believe that buyers continue to go back into this market time and time again, as the buyers look ready to try to make another attempt to break out to the upside.

2 – Looking at the GBP/USD pair, we initially fell but found enough support near the 1.5250 level to turn things back around to form a hammer. That being the case, if we break the top of the hammer, we believe that this market will head back to the 1.55 handle. If we can get above there, we then believe that the market will then go to the 1.58 level. As far selling is concerned, if we break below the bottom of the hammer from the Friday session, we believe that the market will then head towards the 1.51 handle next.

3 – The FTSE went back and forth during the course of the day on Friday as we continue to test 7000 for support. That being the case, the market looks as if it is ready to go back and forth, and as a result we believe that the market is somewhat bullish, and you should be buying calls, but at the end of the day we do not see a lot of momentum. Because of this, we are buying calls on short-term pullbacks but don’t expect anything major in the way of movement.