Originally Posted by R.Cox - For the full Trading briefing click here
The latest move higher in the DAX
is creating some bearish opportunities and I will be looking to enter into weekly PUTS at the open on Monday
. Weakness in the labor market is likely to filter into other aspects of the economy and we are likely to start seeing failures at current levels.
Momentum selling in Gold
could also present some opportunities next week but we will need to see prices fall into the 1630 area before weekly CALLS
are established. There is a confluence of historical and Fibonacci support in this area and risk aversion could lead to some safe haven buying and propel the metal higher.