Binary Options Asset Insights - August 26, 2016

During the day on Friday, we have the Second Estimate GDP numbers coming out of the UK, as well as the Preliminary GDP number coming out of the USA. Federal Reserve chairwoman Janet Yellen is speaking during the day as well, so that of course can move the markets also. With this being the case, the following 3 assets are markets that we will be watching:

CAC 40

The French markets initially fell during the day on Thursday, but it looks as if there is quite a bit of support just below, as the 4400 level seemed to offer quite a bit of call buying opportunities for traders out there. With this, it looks likely that the call buyers are going to continue to push the issue, but this time year tends to be fairly quiet so do not anticipate huge moves.

Chart 1

Gold

Gold markets did find a little bit of support during the day as we reached the 1320 level. This is an area that begins pretty significant support, as seen last month. With this being the case, it’s likely that a break above the top of the candle could very well attract call buyers into a market that continues to consolidate overall.

Chart 2

WTI Crude Oil

The WTI Crude Oil market went back and forth during the course of the day on Thursday, but it does look like the $46 level is offering support. With this being the case, a bounce from here makes a lot of sense, so a break above the top of the candle could very well attract call buyers as it would be a continuation of the strong move that we’ve seen recently.

Chart 3

Disclosure: None.

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Chee Hin Teh 8 years ago Member's comment

Thanks for sharing