With a handful of announcements coming out during the day on Tuesday, including the PPI numbers and the United Kingdom, the German ZEW number, the CPI numbers in America, and of course Industrial Production in America, we could get quite a bit of volatility. With this, we are paying attention to the following 3 assets.

DAX

The German index initially tried to rally during the course of the session on Monday, but found the €10,800 level be far too strong to continue going higher. By doing so, we pulled back and ended up forming a bit of a shooting star. With this being the case, the market looks as if it is getting a bit exhausted, but sooner or later you would have to think that call buyers will return.

EUR/GBP

The EUR/GBP pair rose again during the day on Monday, as we continue to extend the breakout. By doing so, looks as if the call buyers are most certainly in control, and that pullbacks could end up being nice call buying opportunities for perceived “value.”

WTI Crude Oil

The WTI Crude Oil market rose during the course of the session on Monday, breaking above the $45 level. However, there is quite a bit of noise just above and as a result it looks very likely that the put buyers will step back into this market and make a stand sooner or later. However, in the short-term it looks like the call buyers are at least going to have a little bit of room.