March 12th – Today's Trading Tips & Market Analysis

See Today's Binary Options Trading Opportunities Below – Watch The Video For Full Market Analysis

1 – The FTSE stabilized during the session on Wednesday, after falling precipitously on Tuesday. Because of this, we feel that the 6700 level has acted as support, and as a result continues to be an area that you can pay attention to.

With that being the case, we believe that buying calls may be the way to go on short-term charts, but we need to see the right supportive candles in order to do so. Furthermore, we believe that a break above the 6750 level would also be massively bullish, having us buy calls there as well. We don’t really have any interest in buying puts at this point.

2 – The S&P 500 acted pretty much the same during the session, as we found a little bit of stability. After a significant fall, these fairly neutral candles can be thought of as being supportive, as it is a reversal of what we had seen previously. With that being said though, we believe that the S&P 500 will eventually go higher, and therefore we are only looking for calls at this point. A break above the top of the range for Wednesday would be reason enough to start buying. We see support, or at least potential support all the way down to 2000.

3 – Gold markets fell during the session on Wednesday, testing the $1150 level. We are starting to reach fairly dangerous levels. At this point though, and if we can get below the $1140 level, we feel the gold will fall apart. We have no interest in shorting quite yet. Though, as we recognize that buying calls might be the opportunity that you get on the short-term charts. Below $1140 though, we would become very bearish at that point.

Disclosure: None

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