With most the announcements coming out during the session on Tuesday involving either CPI or PPI numbers around the world, it seems as if it will be a day that is highly focused on stock indices as these numbers represent industrial strength or weakness.
DAX
With the German economic sentiment numbers coming out during the day, the DAX of course will be in focus. It looks as if every time this market pulls back, call buyers are interested in there seems to be a significant amount of support near the €11,900 level. Given enough time, it looks as if the call buyers will get their way.
CAC
French markets continue to flirt with the €5000 level, and a break above the shooting star from the Friday session would show a break above resistance, perhaps encouraging call buying and pushing this market higher. Currently, it looks as if the €4950 level offers significant support.
WTI Crude Oil
The WTI Crude Oil market found a little bit of support at $48 during the day on Monday, forming a hammer. A break above the top of the hammer could be a short-term call buying opportunity but the $50 level above should offer quite a bit of psychological resistance, more than likely attracting put buying.
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