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The overall market attitude during the session on Wednesday will probably be dictated more by charts than anything else, as there isn't too much in the way of economic announcements to move the markets. However, we do have a Crude Oil Inventory number coming out, so this could offer a bit of volatility in the petroleum markets.

We are still bearish on the WTI Crude Oil market, so we are looking for short-term rallies in order to start buying puts. We also think that a break down below the $50 level could bring in more selling orders to push this market much lower. At this point in time, we believe that crude oil is going to continue to struggle, even if we do get a more bullish number than anticipated.

Gold markets rallied a little bit during the session on Tuesday, but quite frankly we think that this market has already shown its hand. The market should continue to drop overall, looking for massive support near the $1000 level. Because of this, we are looking at signs of exhaustion as opportunities to serve buying puts again and again, based off of short-term charts.

The FTSE pulled back a little bit as most European indices did during the day on Tuesday, but quite frankly they all look fairly bullish over the longer term based upon the recent impulsive moves to the upside. With this, we are looking for supportive candles on daily charts in the European indices in order to serve buying calls again. 6800 is a significant resistance barrier above, and as a result we need to break above there for the longer-term move to continue, but quite frankly a pullback here in order to build up momentum would not be out of the question.