During the session on Friday, we get a handful of announcements that could put a charge into the market. This includes CPI numbers coming out of the United States, GDP numbers coming out of Germany, and a slew of mid-level announcement.
WTI Crude Oil
Oil markets broke out to the upside during the session on Wednesday after a stronger-than-expected draw of inventory in the United States. However, having said that we still have a lot of noise above. Currently though, looks as if the buyers are encouraged, and a break above the top of the daily range for Thursday could send them back into the marketplace.
Gold markets rallied slightly during the Thursday session, as we are reaching very low regions. However, it appears that put buyers continue to jump into the market on short-term rallies, and so far, that does not look to be any different. Because of this, it looks as if the market is going to remain somewhat bearish.
The US dollar continues to find support just below, and seems to be interested in reaching the 115 handle. That being the case, looks as if pullbacks will continue to attract buying.