July 29th Binary Options Trading Opportunities
A little bit of relief
During the session on Tuesday, we got a little bit of relief from all of the negativity around the world. With this, we got bounces in several stock markets, and of course commodity markets. With this, we believe that the market is offering more trading opportunities going forward though.
Paris bounces
The CAC bounced during the session on Tuesday, but struggled at the €5000 level. With this, on a move above the €5000 level, we are call buyers. As far as buying puts would be concerned, we are going to avoid doing so until we break below the €4900 level.
Silver finds $14.50 supportive
The silver markets bounced off of the $14.50 level during the session on Tuesday, as it looks like we are ready to continue to consolidate between the $15.50 level on the bottom, and the $15.00 level on the top. With this, the market looks like it is going to remain range bound, and as a result we are very interested in buying calls at the bottom of the box on the chart, and buying puts at the top of the same box.
FTSE bounces on Tuesday
The FTSE bounced during the session on Tuesday, showing strength and support at the 6500 level. The markets should continue to find buyers as far as we see, so we like buying calls as long as we can stay above the yellow box on the chart. Once we get below the 6450 region, we would be looking to buy puts.
Disclosure: None.
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