With today being Nonfarm Payroll Friday, all other announcements will have a very limited effect on the markets. With this in mind, we are watching the following 3 assets:
FTSE 100
The FTSE 100 initially fell during the day on Thursday but found enough support yet again to turn around and form a hammer like candle. By doing so, looks as if the market will continue to find call buyers underneath as the market continues to drive higher over the longer term.
USD/CAD
The US dollar rallied against the Canadian dollar initially during the session on Thursday, but found significant resistance at the 1.3450 level again. If we can break above there, the call buyers will more than likely be very encouraged.
WTI Crude Oil
The WTI Crude Oil market rallied during the day on Thursday, testing the vinyl $52 level. If we can break above there, call buyers will almost undoubtedly be encouraged as it would be a breaking of significant resistance.
Leave A Comment