Looking at the silver market, we see them the $16.50 level continues to be supportive. After a fairly significant fall during the beginning part of the Wednesday session, as long as we can hold above the $16.50 level, we feel that buying calls could be the way to go going forward, at least for the next 24 hours why we wait for the Nonfarm Payroll numbers. If we do break below the $16.50 level, we are going to step aside and leave this market alone.
In the WTI Crude Oil market, we believe that the buyers are starting to step in and pressed the issue. We are buyers of calls above the $60 level, anticipating a break out and a move towards the $65 level given enough time. We think that time and time again the buyers will step back into this marketplace and purchase oil every time it dips.
The EUR/USD pair initially fell during the course of the day on Wednesday, but turned back around to test the 1.12 level. We believe that buying calls will be the only thing you can do in this marketplace, as it certainly seems to be set to head towards the 1.14 level given enough time. Obviously tomorrow will be highly influential on this market, but at this moment time we are bullish.
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