During the day on Tuesday, we get no major announcements, with perhaps the one lone exception being the German ZEW Economic Sentiment coming out early, and a few other minor ones that will probably have very insignificant effect on the trading environment.

WTI Crude Oil

The WTI Crude Oil market broke higher during the course of the session on Monday in reaction to Vladimir Putin suggesting that perhaps Russia would cut back on oil production. Because of this, the call buyers are encouraged yet again.

CAC 40

French markets initially fell during the day on Monday, and then turned back around to show signs of support yet again. It appears that call buyers are jumping back into the market every time it turns back around to fall towards the support. Because of this, it looks like they are trying to build up momentum in order to go higher.

Silver

Silver markets rose slightly during the day on Monday, as we continue to grind back and forth. It currently looks as if we are in the middle of the consolidation between the $17 level on the bottom, and the $18 level on the top. At this point in time, the market does look as if it is a bit stretched to the bottom, so call buyers could be starting to test the waters.