After an amazing gain last week after the end of the week and the NFP, GOLD has risen back to record performance. This week is looking to be a bearish one however, with the asset reaching high levels that strongly prompt retraction. The preset resistance line of 1275.812 has been touched and we will be expecting to see a retracting either today or tomorrow. Traders are advised to look for PUT options for an hour.
Silver is yet another commodity to benefit from negative fundamental reports and has risen past all resistance lines. Our Bollinger indicators show that the bullish trend might not be over but there is much more evidence towards a change of direction coming this week. Despite breaking previous resistance lines, the asset will be expected to fall down to a support of at least 19.54302. Traders are advised to look for a mixture of short CALL options, and long PUT options.
Already in the middle of a strong bearish trend, OIL will be continuing downward for the remainder of the next day. All indicators are showing strong sentiment towards a bearish market and this could continue for the remainder of the week as well. Traders are advised to look for PUT options between 30 minutes to 1 hour.