During the session on Monday, we only get PMI numbers coming out in several European countries, as well as the European Union itself. We also get PMI numbers coming out of the United States as we will focus on stock markets more than anything else would be conventional wisdom.
DAX
The DAX rose slightly during the course of the day on Friday, bouncing off of the €9800 level yet again. This is an area that’s been very reliable lately, so it’s likely that if we pullback call buyers will return again and again.
CAC rises
The CAC broke higher during the course of the day on Friday, clearing the top of the hammer for the Thursday session. The market should continue to find call buyers every time we pullback, as there has been such reliable support in the European indices, including the CAC.
Gold finding support
Gold markets didn’t do much during the day on Thursday, but they do seem to be looking very firm in the region of the $1250 level. With that being the case, the market should continue to attract buying of calls as the market should target the $1280 level above.
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