Today's Trading Opportunities From The Market Analysis Video – Watch The Video For Full Analysis

1. The silver markets formed a nice-looking shooting star during the session on Monday, which of course is a very negative sign. However we have had a significant move higher recently, so could just simply be the market telling us that it needs to pull back a little bit before breaking out above $18. If we do get that move, we would be buyers of calls in the silver market as we believe the trend will have changed at that point.

We break down below the bottom of that shooting star that should send this market heading down to the $17 level, which is massively supportive in our opinion. We think that the buyers will probably have to build up enough momentum to break out, so this is exactly what we could see happen next.

1 – The FTSE had a fairly benign session during the day on Monday, as 6600 offers a bit of resistance. We believe that area offers resistance of to the 6650 level, and as a result we would wait until we get above 6650s serve buying calls. However, pullbacks to that show signs of support could be a call buying opportunities going forward.

2 – Looking at the EUR/USD pair, we did break out to the upside a little bit during the session, as Germany show significant strength. The economic numbers and came out worse of the strongest once we have seen in three years, so a bounce in the market really isn’t a big surprise. In fact, we believe that the market should ultimately head towards the 1.1 eighth area where there should be significant amount of resistance. At that point time, we would be buyers of puts as the pullback should offer perceived value in the US dollar going forward.