During the day on Wednesday, we get a handful of announcements that could move the markets, and we get them from all over the world. That being the case, the market should be really volatile and gives us plenty of trading opportunities. The following trade ideas are just a handful of what we expect to see.

Silver finding support

Silver markets found a bit of support just below the $15.20 level, and by doing so bounced enough to form a hammer. The hammer of course is a very bullish sign, but it is not until we break above the top of the hammer that we feel we can serve buying calls at that point. Once we do, the market should then reach towards the $16 level again, and we have no interest whatsoever in buying puts as this is a market that is obviously very bullish.

WTI Crude Oil

The WTI Crude Oil market initially shot higher during the course of the day but then turn right back around to form a very bearish looking shooting star. That shooting star is a very negative sign, and we believe that the buyers are coming back into the marketplace to punish oil. This is a market that should continue to go towards the $26 level.

EUR/USD testing 1.11

The EUR/USD pair initially tried to rally during the course of the day on Tuesday, but as you can see turned right back around to fall towards the 1.10 level. This is a market that is dealing with the fact that both central banks are looking to be very soft going forward. At this point, we wait to see whether or not we can get some type of supportive candle in order to serve buying. It is not until we break down below the 1.10 level that were comfortable buying puts.