Technically driven session for Wednesday–France drops looking for support

The CAC fell during the course of the session on Tuesday, breaking below the bottom of the shooting star from Monday. This of course is a classic sell signal, but we think that there is more than enough support below to think that the market will continue to bounce. We believe that in particular the €5000 level is massively supportive. Any supportive candle between here and there is a call buying opportunity as far as we can see.

Silver markets test $15

The silver markets bounce significantly during the session on Tuesday, testing the $15 level. We believe that the sellers are coming back into the marketplace, so therefore we are looking for short-term resistive or exhaustive candles near the $15 level in order to serve buying short-term puts. We have no interest in buying calls at this moment in time.

USD/JPY struggles above 124

The USD/JPY pair initially tried to rally above the 124 handle during the session on Tuesday, but formed a shooting star yet again. Somewhere near the 124.25 level, there is a significant amount of selling pressure. We believe that a pullback could be coming, but any type of supportive candle between here and 123 could be used as a call buying opportunity as we are simply trying to build up enough momentum to break out in our