During the session on Tuesday, there isn’t much in the way of economic announcements to move the market. With a few mid-level, German numbers taking the lion share of the attention. With this in mind, we are paying attention to the following 3 markets:
The EUR got a bit of a boost initially during the Monday session as the French elections came in. However, it looks as if it was an opportunity for people to take advantage of the profits they are made recently, and we are forming a very negative candle. It is possible that buyers will step away from the market is sellers flex their muscles. There is a gap below that could be filled as well.
WTI Crude Oil
The WTI Crude Oil market initially tried to rally during the session on Monday, but found the $47 level to be far too resistive to overcome. With this in mind, it looks as if the sellers are becoming more aggressive, as we continue to break down.
The FTSE 100 had a choppy session, but showed support at the 7240 level. Because of this, looks as if the buyers may begin to push in this area, and perhaps offer a positive move going forward.